National taxation authorities will receive the information they need to make tax assessments.
(c) A
bank might demand a forecast of a company's expected future cash flows as a precondition of
granting an overdraft.
(d) The
IASB is responsible for issuing International Financial Reporting Standards (IFRSs). These
require companies to publish certain additional information. Accountants, as members of
professional bodies, are placed under a strong obligation to ensure that company financial
statements conform to the requirements of IFRSs.
(e)
Some companies voluntarily provide specially prepared financial information for issue to their
employees. These statements are known as 'employee reports'.
EXAM FOCUS POINT
The needs of users can be examined easily. For example, you could be given a list of types of
information and asked which user group would be most interested in this information.
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