Under SAC 1,which entity is the least likely to have users dependent on general-purpose financial reports?

Question

Quizplus · Accepted Answer

A small proprietary company whose shareholders also run the business is least likely to have users dependent on general-purpose financial reports as the shareholders are closely involved in the day-to-day management of the business and have access to more detailed financial information. On the other hand, a company with a large number of shareholders, a company which issues debentures to the public, and a company which is listed on the stock exchange are more likely to have users dependent on general-purpose financial reports as they have a wider range of stakeholders who may not have direct access to detailed financial information.

Under SAC 1,which Entity Is the Least Likely to Have