Accounting standards help accountants meet the information demands of interested parties by providing:
A) legislation introduction pertaining to financial reporting
B) limits and guidance for financial reporting
C) improved operating plans to the Board
D) reports to the Media

Question

Quizplus · Accepted Answer

Accounting standards provide limits and guidance for financial reporting, which ensures that the information provided meets the information demands of interested parties. They also increase the comparability of financial information, making it easier for interested parties to make informed decisions. The other choices are not directly related to accounting standards.

Accounting Standards Help Accountants Meet the Information Demands of Interested