Under the IASB Framework exposure draft,the qualitative characteristic:
A) Reliability has been replaced with faithful representation
B) Reliability has been replaced with trustworthiness
C) Timeliness has been replaced with exactness
D) Relevance has been replaced with significance
Correct Answer:
Verified
Q19: Which of these is not a reason
Q20: The IASB Framework includes four principal qualitative
Q21: Discuss the effects on accounting reporting of
Q22: Discuss the strengths and weaknesses of principles-based
Q23: The statement in respect of the IASB/FASB
Q25: The four principal qualitative characteristics recognised by
Q26: The constraints on financial reporting identified under
Q27: In June 2009,in relation to the IASB/FASB
Q28: The group proposed by the IASB and
Q29: In June 2009,in relation to the IASB/FASB
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