Which of the following is not an advantage of having a conceptual framework of accounting ?

Question

Quizplus · Accepted Answer

A conceptual framework helps in developing accounting standards with less political pressure, ensures consistency in the approach to setting standards, and avoids a mixed-up approach. However, it does not necessarily consider the needs of all users, as it primarily focuses on the needs of financial statement users who are typically investors and creditors.

Which of the Following Is Not an Advantage of Having