Disadvantage of principles-based standards is:
A) They supply broad guidelines.
B) They allow mangers to select policies that may not reflect the substance of a transaction.
C) They allow accountants to use professional judgement.
D) All of the above.
Correct Answer:
Verified
Q1: Which of the following is a fundamental
Q3: One of the advantages of principles-based standard
Q4: Which of the following is NOT a
Q5: Which of the following is NOT a
Q6: Which of the following is a fundamental
Q7: Which of the following was identified as
Q8: Which of the following groups benefits most
Q9: The Financial Reporting Council (FRC)are responsible for:
A)Appointing
Q10: Which of the following is a fundamental
Q11: Which of the following is NOT a
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