In the context of positive accounting theory, political costs can reduce the value of firms significantly. (a)
Question:
In the context of positive accounting theory, political costs can reduce the value of firms significantly.
(a) Give examples of how firms can be exposed to political costs.
(b) Give examples of how a firm's exposure to political costs can influence the nature and/or content of the firm's annual report, particularly in relation to its accounting information.
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Related Book For 
Accounting Theory
ISBN: 9780470818152
7th Edition
Authors: Jayne Godfrey, Ann Tarca, Allan Hodgson, Jane Hamilton, Scott Holmes
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