The current conceptual frameworks states:

'The objective of general purpose financial reporting is to provide financial information about the reporting entity that is useful to existing and potential investors, lenders and other creditors in making decisions about providing resources to the entity.' (AASB conceptual framework Para 1.2)

Relative to the primary financial reporting objectives outlined in the previous versions of conceptual framework, the newly adopted objectives have an increased focus on financial decision making, while the stewardship and accountability objectives have been elevated to a secondary objective.

Some argue that elevating stewardship to a secondary objective could lead to a de-emphasis on information regarding the entity's performance which would be unacceptable. Do you agree or disagree? Explain your answers.