Question: In recent years we have read about the necessity for entities to be accountable and to ensure their operations are conducted in a legitimate manner.

In recent years we have read about the necessity for entities to be accountable and to ensure their operations are conducted in a legitimate manner.

Required:

  1. What do you understand by accountability and legitimacy from the accountants perspective in the context of reporting information to stakeholders?

  1. Do the two mean the same thing or are they compatible?

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