External financial statement users are not given access to detailed internal records of the company,so they rely extensively on the financial statements.

Question

Quizplus · Accepted Answer

External financial statement users, such as investors, creditors, and government agencies, do not have access to the detailed internal records of the company. Therefore, they rely heavily on the financial statements to make decisions about the company's financial health and performance.

External Financial Statement Users Are Not Given Access to Detailed