Because IFRS allows managers flexibility in determining accounting choices, the biggest challenge for accountants and other financial professionals is:
A) Persuade managers to make the most conservative accounting choices.
B) Knowing when to allow managers to choose aggressive accounting policies.
C) Ensuring that managers make choices with the interests of the stakeholders in mind.
D) Ensuring that managers make choices with their own self interests in mind.
Correct Answer:
Verified
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