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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.

User Contributed Comments 1

User Comment
dshaminda oops.. tricky. thought its I only
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I used your notes and passed ... highly recommended!


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.