Question
Critically evaluate the following statement: The only accountability owed by a business is to its shareholders Address the following in your answer: a) A discussion
Critically evaluate the following statement: The only accountability owed by a business is to its shareholders
Address the following in your answer: a) A discussion of the above statement from a business case perspective, including what this perspective tells us in relation to the purpose of business, and who businesses should be accountable to.
b) A discussion of the above statement from a stakeholder accountability perspective, including what this perspective tells us in relation to the purpose of business and, who businesses should be accountable to. Use at least TWO different stakeholder groups as examples to support your discussion.
c) In your opinion, which of the above perspectives (business case OR stakeholder accountability) do you think best addresses the objective of accounting to provide useful information to users? Explain why.
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