INFORMATION REGULATION

Information Regulation

Information Regulation

Introduction

Information regulation in accounting refers to certain rules and regulation set by different government and private bodies to bind publicly traded companies to disclose accurate financial information. The fundamental purpose of accounting is to offer information regarding financial position of the company, which is utilized by the company for decision making. Since the very beginning, accounting professionals continue to emphasize on the fact that accounting is a means to an end but not an end. The accounting information's final product is the decisions taken by the management, owner, labor unions, governmental agencies or creditors utilizing that information.\

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