The managers of a company are the only stakeholders of that company to have a legitimate interest in its accounting information.

Question

Quizplus · Accepted Answer

Various stakeholders such as investors, creditors, suppliers, customers, employees, regulatory agencies, and the government also have a legitimate interest in a company's accounting information. They use this information to make decisions about investing, lending, supplying goods and services, purchasing, working for, regulating, and taxing the company. The managers of a company are just one set of stakeholders among many.

The Managers of a Company Are the Only Stakeholders of That