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1. What are the needs of the stakeholder groups identified in the International (IASB) Conceptual Framework?

1. What are the needs of the stakeholder groups identified in the International (IASB) Conceptual Framework?

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Answer #1

The following are the needs of the stakeholder groups identified:

  • Suppliers and trade creditors will be needing information regarding the credit health of the company. The creditworthiness of the firm.
  • Investors need information regarding the true financial performance of the firm and risk-return analysis of the firm.
  • Customer seeks information regarding the latest products, research, and developments and licensing of the firm.
  • Employees will seek information about the continuance of the entity and the firm's ability to pay their salaries.
  • The government will be interested in knowing whether all the regulatory requirements and tax requirements are fulfilled by the firm.
  • General Public will be concerned about the CSR and Public interest policy of the firm.
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