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Evaluate the following statement (you may include diagrams as part of your answer if appropriate): Business is about creating value for people. Address the following
Evaluate the following statement (you may include diagrams as part of your answer if appropriate): "Business is about creating value for people." Address the following in your answer: A discussion of the above statement from an agency theory perspective, including what agency theory tells us in relation to the purpose of business, and who businesses should be accountable to. (a) (6 Marks) b) A discussion of the above statement from a stakeholder accountability perspective, including what stakeholder accountability theory tells us in relation to the purpose of business and, who businesses should be accountable to. Use two different stakeholder groups as examples to support your discussion. (10 Marks) In your opinion, which of the above theories do you think best addresses the objective of accounting to provide useful information to users, and why? (c) (4 Marks)
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