List Three Different Groups of Users of Accounting Information

question 76

Essay

List three different groups of users of accounting information.Indicate the type of decisions each group typically makes from accounting information.

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Definitions:

Political Risk Assessment

The process of analyzing and understanding the potential risks to business operations and investment caused by political decisions, events, or conditions in a given country.

Issues Management

The proactive process of identifying, assessing, and responding to potential issues that could negatively affect an organization.

Legal Audit

A comprehensive review of an organization's legal affairs, documents, and compliance with laws and regulations to mitigate risks and improve legal health.

Political Response Continuum

Political response continuum describes the range of actions and policies governments may adopt in response to societal issues, ranging from non-intervention to full-scale regulatory efforts.