CFA Practice Question

There are 86 practice questions for this study session.

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
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