- CFA Exams
- CFA Level I Exam
- Study Session 6. Financial Reporting and Analysis (1)
- Reading 20. Financial Reporting Standards
- Subject 6. Effective Financial Reporting
CFA Practice Question
Which of the following is least likely to be a characteristic of an effective financial reporting framework?
A. Consistency
B. Comparability
C. Comprehensiveness
Explanation: The characteristics of a coherent financial reporting network are transparency, comprehensiveness, and consistency. Comparability is a qualitative characteristic of financial statements.
User Contributed Comments 2
| User | Comment |
|---|---|
| wsiyer | TCC |
| gyee2012 | @wsiyer - Transparency, consistency, comprehensiveness |