Which of these is not one of the major potential benefits of a conceptual framework?
A) More economical development of standards
B) Increased international compatibility of standards
C) Savings in auditing costs
D) None of the above, i.e., all are major potential benefits of a conceptual framework

Question

Quizplus · Accepted Answer

Savings in auditing costs is not typically considered a major potential benefit of a conceptual framework. The framework primarily aids in the development and harmonization of accounting standards.

Which of These Is Not One of the Major Potential