In the accounting world, it seems there has recent debate on the usefulness and relevance of annual reports to relevant stakeholders to assist them make informed decisions.

https://www.intheblack.com/articles/2018/10/18/is-financial-reporting-still-relevant

https://www.intheblack.com/articles/2018/09/14/annual-report-shorter-better

https://www.accaglobal.com/my/en/member/member/accounting-business/2019/05/in- focus/annual-reports.html

Based on the readings above only (no need for further research) and applying relevant accounting theories,writeon the usefulness andrelevance of current financial statements in today's business environment.Please include:

1. The opposing views of researchers and the reasons behind their views
2. A discussion of the current state of annual reports and their use/relevance to decision

makers

3.How can we improve the annual report and its processes to enhance relevance and

faithful representation?