and presentation of financial statements specifies that information generated should “represent faithfully” and “be neutral… free from bias” (AASB Framework, para. 33; 36). Information that is not neutral can “influence the making of a decision or judgement in order to achieve a predetermined result or outcome” (AASB Framework, para. 36). Many scholars have discussed the theory that financial reporting is biased and subjective, using numerous examples as evidence to support their theories. This report…
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