The Conceptual Framework identifies a limited range of primary users of financial statements. Which of the following best describes these users?

Question

Quizplus · Accepted Answer

The Conceptual Framework identifies existing and potential investors, lenders and other creditors as the primary users of financial statements. While investors and creditors are included in this group, so are other potential lenders, such as banks, and other creditors, such as suppliers. The other options (A, C, and D) are either too narrow (A), too broad (C), or not specifically identified in the Conceptual Framework (D).

The Conceptual Framework Identifies a Limited Range of Primary Users