Answer
In fact, regulatory authorities are not considered internal users; they are external users. Regulatory authorities are not employed by and are not part of the company. They use the financial statements to make sure the company is operating within prescribed rules.
Work Step by Step
In fact, regulatory authorities are not considered internal users; they are external users. Regulatory authorities are not employed by and are not part of the company. They use the financial statements to make sure company are operating within prescribed rules.
