Which of these is not a criticism of conceptual framework projects?
A) The logic is circular
B) The definition of the elements provide no guidance to practising accountants
C) There is no prior agreement on objectives
D) The measurement of the elements of financial reporting is too highly specified
Correct Answer:
Verified
Q26: The constraints on financial reporting identified under
Q27: In June 2009,in relation to the IASB/FASB
Q28: The group proposed by the IASB and
Q29: In June 2009,in relation to the IASB/FASB
Q30: The IASB Framework includes four principal qualitative
Q31: The point that is not a reason
Q32: Is a conceptual framework necessary? Discuss the
Q33: Explain the difference between business risk auditing
Q34: A disadvantage of rules-based standards for users
Q36: Stating that Australia and New Zealand follow
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