The IASB's Conceptual Framework identifies which of these groups as the prime users of financial reports?
A) Investors and their advisors
B) Present and potential investors and creditors
C) Governments, regulatory bodies and parties performing an overseeing function
D) The public and consumers of goods and services

Question

Quizplus · Accepted Answer

The IASB's Conceptual Framework identifies present and potential investors, lenders, and other creditors as the prime users of financial reports. Other users may also benefit, such as employees, customers, and governments, but the framework identifies investors and creditors as the primary users.

The IASB's Conceptual Framework Identifies Which of These Groups as the Prime