A disadvantage of a conceptual framework is:
A) It will be easier to avoid reporting requirements
B) It will be more expensive to prepare individual accounting standards
C) It will increase political interference in the standard setting process
D) None of the above are disadvantages
Correct Answer:
Verified
Q8: The IASB's concept statement encompasses special and
Q9: In the IASB Framework the qualitative characteristic
Q10: Which of these is not one of
Q11: Gerboth views conceptual frameworks as policy documents
Q12: Surveys have shown that a majority of
Q14: In the 1990's there was a shift
Q15: One of the key concepts of the
Q16: To be relevant accounting information should have
Q17: A conceptual framework of accounting is a
Q18: Since its conceptual framework was first published
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