In June 2009,in relation to the IASB/FASB joint conceptual framework project,one exposure draft relating to the objectives and qualitative characteristics has been issued.Which of these statements concerning the reception of the exposure draft is true?
A) Most respondents agreed with designating present and potential capital providers as the primary user group for general purpose financial reporting
B) Most respondents agreed that not designating stewardship as a separate objective was unimportant
C) Most respondents agreed with the list of qualitative characteristics included in the exposure draft.
D) Most respondents agreed that financial reports should be prepared from the proprietorship perspective
Correct Answer:
Verified
Q24: Under the IASB Framework exposure draft,the qualitative
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
Q30: The IASB Framework includes four principal qualitative
Q31: The point that is not a reason
Q32: Is a conceptual framework necessary? Discuss the
Q33: Explain the difference between business risk auditing
Q34: A disadvantage of rules-based standards for users
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