Does it matter whether they express their operation achievements? With regards to securities regulation, it could be said that accounting information is important for the purpose of providing systemic stability and safety of financial/securities markets. Similarly, accounting information is so important to companies simply because they act as economic cells of the society in that, all enterprises and market participants base their decisions on accounting information. For instance,
investors when making investment decisions will often rely on accounting information. Likewise, when making operational, investment and other policy decisions the enterprise management will consult with the accounting information. Equally, banks will also rely on accounting information to make their decisions for loans approval. In addition, regulators may rely on accounting information to investigate issues of financial crimes, tax problems and any financial error that may have been overlooked by the management. This implies that, almost, if not the entire economy/business world relies heavily on
accounting information to do business. Thus, in essence this means that, the more accurate and reliable accounting information is, the more market participants will have trust and confidence in the market.