Relevant information has predictive value, confirmatory value, or both and is therefore capable of making a difference to decisions made by investors, lenders and other creditors. Financial information has a confirmatory role when it is used to confirm or correct the decision that has been made by the decision maker, because it play an important role in providing a feedback to the decision maker, therefore it is closely related to accountability, it has the predictive role when it is used to make…
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