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Author Question: Describe who needs information about a business and why they may need it. What will be an ideal ... (Read 14 times)

stevenposner

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on: Jul 5, 2018
Describe who needs information about a business and why they may need it.
 
  What will be an ideal response?

Question 2

A corrective control plan is designed to discover problems that have occurred.
  Indicate whether the statement is true or false


sarah_brady415

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Reply #1 on: Jul 5, 2018
Answer to Question 1

Users of financial information include managers who need information to plan, control, and evaluate the operation of a business. Regulators and government agencies such as the SEC and IRS require information to monitor compliance with government regulations such as payment of taxes. Creditors require information about the financial health of a company before they will lend money to a business.

Answer to Question 2

F


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