Who Are the Users of the Financial Statements

question 107

Multiple Choice

Who are the users of the financial statements?

• A)Management.
• B)Auditors.
• C)Taxing Authorities.
• D)Both A and C.

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Definitions:

Outside

External or beyond the limits or confines of a specific area or context.

Proactive Behaviours

Actions taken by individuals that are anticipatory and change-oriented, aimed at affecting positive change in the environment or in oneself.

Proximal Outcomes

Immediate effects or results that can be directly attributed to specific actions or interventions.

Distal Outcomes

Results or consequences that occur over a long period of time or are removed from the immediate cause-and-effect relationship.