Chapter 2 - Conceptual Framework for Financial Reporting - Concepts for Analysis - Page 78: CA2-12(2)

Failure to record such information would not be beneficial to the external stakeholders. The information that goes unreported is material in the stakeholder’s decisions. Exposing adverse information about an entity would cost it in terms of accessing credit or charming investors.

Failure to record such information would not be beneficial to the external stakeholders. The information that goes unreported is material in the stakeholder’s decisions. Exposing adverse information about an entity would cost it in terms of accessing credit or charming investors.