managers permitted choice

Managers
are permitted choice in the preparation of accounting information. Discuss the positive and negative
implications of permitting choice in the preparation of accounting information.
These implications should relate to financial statement users and preparers. You
should refer not only to material covered in lectures and your textbook, but
also the 2005 journal article by Gowthorpe & Amat “Creative Accounting:
Some Ethical Issues of Macro- and Micro-Manipulation”.