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Basic Question 1 of 5

High financial reporting quality is defined as fair representation of a company's:

I. Earnings.
II. Cash flows.
III. Assets, liabilities and owners' equities.
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User Contributed Comments 1

User Comment
dshaminda oops.. tricky. thought its I only
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes

Barnes

Learning Outcome Statements

demonstrate the use of a conceptual framework for assessing the quality of a company's financial reports;

explain potential problems that affect the quality of financial reports;

CFA® 2024 Level II Curriculum, Volume 2, Module 15.