What may be done to compensate for the possible bias, Accounting Basics

What may be done to compensate for the possible bias

Problem

The self-interest of the provider of financial information (whether an individual or a business entity) often runs directly counter to the interests of the user of the information. Give an example of such opposing interests. What may be done to compensate for the possible bias existing because of the self-interest of the individual or business entity providing the financial information?

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Accounting Basics: What may be done to compensate for the possible bias

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Accounting Basics: What may be done to compensate for the possible bias

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