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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.
Check Answer Next Q Print

User Contributed Comments 1

User Comment
dshaminda oops.. tricky. thought its I only
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

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® 2025 Level II Curriculum, Volume 2, Module 14.