When financial statements are used to evaluate the performance of a company's top executives it is referred to as the _____________ function of financial reports.
A)proxy
B)fundamental
C)technical
D)stewardship

Question

Quizplus · Accepted Answer

The stewardship function of financial reports is concerned with the use of financial statements to evaluate the performance of a company's top executives in managing the resources entrusted to them. This function focuses on the accountability of management to shareholders, as well as the responsibility of management to act in the best interests of the company and its stakeholders. Therefore, option D is the most appropriate choice.

When Financial Statements Are Used to Evaluate the Performance of a Company's