The need for relevant and reliable financial information stems from the needs of the internal and external stakeholder's.

Question

Quizplus · Accepted Answer

Relevant and reliable financial information is needed by both internal stakeholders like management, employees, and owners, and external stakeholders like creditors, investors, government, and customers. They use this information to make informed decisions about the company's financial health, performance, and prospects.

The Need for Relevant and Reliable Financial Information Stems from the Needs