Which of the following statements regarding managerial accounting reports is tru

Question

Which of the following statements regarding managerial accounting reports is true? The SEC requires an independent CPA to audit reports generated by managerial accounting systems Managerial accountants must comply with GAAP standards when they prepare managerial accounting reports The primary purpose of managerial accounting reports is to help external users make investing and lending decisions Managerial accounting reports are always prepared on a quarterly or annual basis. Managerial accounting reports emphasize relevance over reliability and objectivity

Explanation / Answer

5)managerial accounting report emphasizes relevance over reliability and objectivity.

The above statement is true with regard to managerial accounting reports.

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