Which of the following is not one of the major potential benefits of a conceptual framework for accounting standards setters?
A) Improve the communication process
B) More consistent and logical accounting standards
C) Savings in auditing costs
D) Improved accountability

Question

Quizplus · Accepted Answer

While improving the communication process, creating more consistent and logical accounting standards, and improving accountability are all potential benefits of a conceptual framework for accounting standards setters, savings in auditing costs is not typically considered a major benefit.

Which of the Following Is Not One of the Major