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Basic Question 2 of 4

The characteristics of an effective financial reporting framework include ______.

I. relevance
II. transparency
III. reliability
IV. comprehensiveness
V. consistency
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User Contributed Comments 3

User Comment
viannie effective financial reporting framework:
transparency
comprehensiveness
consistency

got to be seen-thru', understand it all and keep happening all the time ;) => fair to all approach
leon121 TRAINS
COME
CONSISTENTLY
ashish100 wth is viannie saying?
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Lina

Lina

Learning Outcome Statements

describe implications for financial analysis of alternative financial reporting systems and the importance of monitoring developments in financial reporting standards.

CFA® 2024 Level I Curriculum, Volume 2, Module 17.