- CFA Exams
- CFA Exam: Level I 2021
- Study Session 9. Financial Reporting and Analysis (4)
- Reading 29. Financial Reporting Quality
- Subject 2. Quality Spectrum of Financial Reports
CFA Practice Question
The ideal situation is ______ financial reporting.
B. unbiased
C. aggressive
A. conservative
B. unbiased
C. aggressive
Correct Answer: B
Neutrality, lack of upward or downward bias, is considered ideal. The most useful financial reporting is relevant and faithfully representative.
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