The group proposed by the IASB and the FASB as the primary user group for general purpose financial reporting is:

Question

Quizplus · Accepted Answer

The IASB and FASB propose that the primary user group for general purpose financial reporting is present and potential capital providers, which includes both lenders and equity investors. The focus is on those who provide capital to the company, rather than the general public.

The Group Proposed by the IASB and the FASB as the Primary