The global set of standards established for financial reporting cover each of the following aspects except:
A)information disclosure.
B)asset valuation.
C)valuation of shares.
D)measurement of profit.

Question

Quizplus · Accepted Answer

The global set of standards established for financial reporting cover information disclosure, asset valuation, and measurement of profit. However, the valuation of shares is not explicitly covered by these standards. Valuation of shares may be indirectly impacted by these standards, as financial reports that follow these standards provide information that helps investors make informed decisions about the value of shares.

The Global Set of Standards Established for Financial Reporting Cover