Refer to the following issues regarding the conceptual framework and answer the questions below.

Accounting standards do not require companies to disclose forecasts of any financial variables to external users. For example, the relevant information is not provided to investors and creditors to help them predict future cash flows.

Required: With proper reference and citation, complete the following:

b) Explain why information on the prediction of future cash flows i s not routinely provided to investors and creditors.