Disagreements that inhibit development of a coherent financial reporting framework are least likely to involve which of the following?
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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.
Which of the following is least likely to be considered a characteristic of a coherent financial reporting framework?
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Financial reporting should be transparent and comprehensive. Stability of accounting information is not a characteristic of a coherent reporting framework.
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