1. Accounting
... act as a "protector" to investors to prevent any misconduct by companies. Also, companies have to comply with the needs of its investors by providing GPFR (general-purpose financial reports) as part of the standard accounting requirements. Moreover, due to implication of SAC (standard accounting concepts) such as SAC1 where it defines the reporting entity, it is discussions state ... and sometime the information can be distorted by unreliable sources with mean purpose. (c) Continuous disclosure is derived from the disclosure principle that states that GPFR (general-purpose financial repor...
- Word Count: 1231
- Approx Pages: 5
- Has Bibliography
- Grade Level: Graduate