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Briefly explain two benefits of good non-financial information disclosures for the client, the business entity, and society.
Briefly explain two benefits of good non-financial information disclosures for the client, the business entity, and society.
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Apr 16
1. Improved decision-making: Good non-financial information disclosures provide clients with a more comprehensive understanding of a business's operations, risks, and performance. This allows clients to make more informed decisions about their investments or business relationships, leading to better outcomes for both parties.
2. Enhanced transparency and accountability: Non-financial information disclosures help to promote transparency and accountability within a business, as well as in society as a whole. By sharing information about their environmental, social, and governance practices, businesses can demonstrate their commitment to ethical and sustainable practices, which can help build trust with clients and stakeholders. This transparency can also help to identify areas for improvement and drive positive change within the organization and the broader community.