Introduction: this question analysis the significance of accounting information and therefore it must be reported accurately. Also, the significance of using accounting principles is highlighted in this question. a.Accounting information reported by Angela Duffy affects some of the stakeholders such as creditors & stockholders of the company. Besides, it also affects the users of the Duffy’s accounting reports which are Jana & Angela. It is reported that the users who relies on accounting reports are harmed as it provides unreliable information.