Investors, creditors, and other users of financial statements often argue that there should be more...
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Accounting
Investors, creditors, and other users of financial statements often argue that there should be more transparency on published financial statements. This argument is based, at least some extent, on concerns that management has too much leeway in the selection of accounting alternatives.
Team 1: Argue that management should continue to be allowed to choose among different accounting alternatives because full disclosure in the notes to financial statements provides sufficient transparency.
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