Which of the following is considered a social goal related justification for imposing financial reporting regulation?

Question

Quizplus · Accepted Answer

All three options are social goals related justifications for imposing financial reporting regulation. Information symmetry ensures that all investors have access to the same information to make informed decisions. Comparability ensures that financial statements of different companies can be compared and evaluated consistently. A competitive capital market ensures that companies can compete fairly and efficiently, which contributes to the overall growth of the economy.

Which of the Following Is Considered a Social Goal Related