Who provides information to managers,investors,tax authorities,and other stakeholders who make resource allocation decisions for corporations?

Question

Quizplus · Accepted Answer

Accountants are responsible for providing financial information to managers, investors, tax authorities, and other stakeholders to help them make informed decisions about resource allocation. They prepare financial statements, reports, and analyses that provide information on a company's financial health and performance. While federal regulators, the SEC, and the Department of Justice may also be involved in oversight and regulation of corporate financial reporting, it is primarily the role of accountants to provide accurate and timely financial information. Human Resources departments are not typically responsible for providing financial information to stakeholders.

Who Provides Information to Managers,investors,tax Authorities,and Other Stakeholders Who Make