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Many Financial Reports Produced by Organizations Are Nondiscretionary-Publicly Traded Firms

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Many financial reports produced by organizations are nondiscretionary-publicly traded firms have no choice but to prepare income statements,tax returns,etc.Management reporting is often called discretionary reporting because it is not mandated,as is financial reporting.Is this a valid statement? Why or why not?

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It can be argued that an effective MRS i...

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