An argument supporting accounting regulation is that it is better to force mandatory reporting than to have individuals competing to buy information privately.

Question

Quizplus · Accepted Answer

Mandatory reporting ensures that all companies disclose their financial information to the public, providing a level playing field for investors and stakeholders. Without accounting regulation, companies could choose to only disclose information to a select group of individuals, creating an unfair advantage for those who have access to the information.

An Argument Supporting Accounting Regulation Is That It Is Better