NFR is becoming increasingly important as stakeholders, investors, and other stakeholders demand more transparency from companies. NFR helps companies to build trust with stakeholders, demonstrate their commitment to sustainability, and provide a more comprehensive view of their performance.

Statement $1$: For the communities and citizens affected by the activities of the corporation, non$-$ financial information disclosure enables them to assert their rights and restore their trust in businesses.

Statement $2$: For investors and Stakeholders, non$-$financial reporting is also a way to reinforce the stability and predictability of the firm$$s performance on financial markets.

Question $3$Answer

a$.$

Statement $2$ is true; statement $1$ is false

b$.$

Only statement $1$ is true

c$.$

Neither statements are incorrect

d$.$

Both statements are incorrect