CFA Practice Question

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CFA Practice Question

Which of the following is a constraint as defined in the IFRS Framework for the Preparation and Presentation of Financial Statements?
A. Timeliness
B. Neutrality
C. Going concern
Explanation: Timeliness is a constraint in the IFRS Framework. Neutrality is a factor that contributes to reliability and going concern is an assumption of the Framework.

User Contributed Comments 1

User Comment
amemorera FYI the other two constraints are: Benefit versus Cost and Balance between Qualitative Characteristics.
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