- CFA Exams
- CFA Level I Exam
- Topic 4. Financial Statement Analysis
- Learning Module 1. Introduction to Financial Statement Analysis
- Subject 4. Comparison of IFRS with Alternative Financial Reporting Systems
CFA Practice Question
The characteristics of an effective financial reporting framework include ______.
II. transparency
III. reliability
IV. comprehensiveness
V. consistency
I. relevance
II. transparency
III. reliability
IV. comprehensiveness
V. consistency
Correct Answer: II, IV and V
User Contributed Comments 3
| User | Comment |
|---|---|
| viannie | effective financial reporting framework: transparency comprehensiveness consistency got to be seen-thru', understand it all and keep happening all the time ;) => fair to all approach |
| leon121 | TRAINS COME CONSISTENTLY |
| ashish100 | wth is viannie saying? |