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Basic Question 9 of 11
Which one is NOT considered a mechanism to discipline financial reporting quality?
B. Lenders
C. Consumers of the company's primary product
A. Investors
B. Lenders
C. Consumers of the company's primary product
User Contributed Comments 1
| User | Comment |
|---|---|
| Inaganti6 | Lenders want serious auditors |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe motivations that might cause management to issue financial reports that are not high quality and conditions that are conducive to issuing low-quality, or even fraudulent, financial reports
describe mechanisms that discipline financial reporting quality and the potential limitations of those mechanisms
CFA® 2025 Level I Curriculum, Volume 3, Module 10.