Reading 31: Financial Reporting Standards LOS g习题精选 2010, reporting, following, framework

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LOS g: Identify the characteristics of a coherent financial reporting framework and barriers to creating a coherent financial reporting network.

Disagreements that inhibit development of a coherent financial reporting framework are least likely to involve which of the following?

A) Transparency.

B) Valuation.

C) Standard setting.

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There is widespread agreement that transparency is desirable in financial reporting. Disagreements that inhibit development of a single framework often arise around issues of measurement, valuation, and standard setting.

 

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Which of the following is least likely to be considered a characteristic of a coherent financial reporting framework?

A) Transparency.

B) Stability.

C) Comprehensiveness.

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Financial reporting should be transparent and comprehensive. Stability of accounting information is not a characteristic of a coherent reporting framework.