Question: Decision-usefulness objective for financial reporting is based on the view that accounting information is used by investors in making resource allocation decisions and setting the

Decision-usefulness objective for financial reporting is based on the view that accounting information is used by investors in making resource allocation decisions and setting the price of shares.

It is argued that there is a weak association between the share price and accounting information, therefore standard setters should be more concerned with the monitoring and control (stewardship) objectives of accounting. Do you agree?

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