Which of the following groups uses accounting information primarily to ensure the entity is operating within prescribed rules?
A)Taxing authorities
B)Regulatory agencies
C)Labour unions
D)Management

Question

Quizplus · Accepted Answer

Regulatory agencies use accounting information primarily to ensure the entity is operating within prescribed rules. Taxing authorities use accounting information to assess and collect taxes, labour unions use accounting information to negotiate wages, benefits, and working conditions, and management uses accounting information to make decisions about the entity's operations and finances.

Which of the Following Groups Uses Accounting Information Primarily to Ensure