- CFA Exams
- CFA Level I Exam
- Topic 4. Financial Statement Analysis
- Learning Module 1. Introduction to Financial Statement Analysis
- Subject 4. Comparison of IFRS with Alternative Financial Reporting Systems
CFA Practice Question
The actions of standard setters and regulators are ______ to be helpful in identifying new products and transactions.
B. likely
A. unlikely
B. likely
Correct Answer: A
This is due to the lag between new product development and regulatory action.
User Contributed Comments 2
| User | Comment |
|---|---|
| johntan1979 | Yup... we saw what happened in 2008... |
| praj24 | ^^^Good example! |