There is a conflict between prudence and objectivity because;
A)prudence implies judgement and can never be completely objective
B)prudence cannot be exercised because accounting information is not open to interpretation
C)as accounting information is numeric there can be no doubt about the accuracy
D)numbers can be manipulated so it is impossible to be objective

Question

Quizplus · Accepted Answer

Prudence involves making judgement calls, which by nature cannot be completely objective. Prudence requires making conservative estimates and recognizing potential losses, which may not always be supported by hard data. Therefore, a conflict exists between prudence and objectivity, which requires the presentation of accurate, unbiased information.

There Is a Conflict Between Prudence and Objectivity Because;