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

Question

Quizplus · Accepted Answer

The IASB's Conceptual Framework states that the prime users of financial reports are existing and potential investors and creditors. While the other groups listed may also use financial reports, they are not considered the prime users.

As Identified by the IASB's Conceptual Framework, Which of the Following