Analysts discovered various negligence in the books of accounts of Amqure Pharma, a leading pharma company listed on the stock exchange. The companys true financial information was not revealed to its stakeholders, and falsely reflected on the stock prices of the firm in the stock market, eventually leading to huge losses for small investors.

Required:

Give your critical views on the relevance of financial management information systems and the King IV Report( 25 Marks)