Question: Past viewpoints expressed that financial statement preparers are also the largest class of users of financial statements. Hence, the preparer has a unique ability to

Past viewpoints expressed that financial statement preparers are also the largest class of users of financial statements. Hence, the preparer has a “unique ability” to recognize user needs that the FASB does not really appreciate. Critique this viewpoint.

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They do indeed have a unique ability and they are important users However agency theory i... View full answer

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