Which of the following statements is true of external information users?
A)They are directly involved in managing the organization
B)Their needs are met by the managerial area of accounting
C)They have limited access to an organization's accounting information
D)They use accounting information to help improve the efficiency and effectiveness of an organization
E)They are the only users of accounting information who rely on internal controls to monitor company activities

Question

Quizplus · Accepted Answer

External information users, such as investors, creditors, and regulators, have limited access to an organization's accounting information compared to internal users like management.

Which of the Following Statements Is True of External Information