CFA Practice Question

There are 1201 practice questions for this topic.

CFA Practice Question

A company discloses information in a manner that aims to emphasize favorable information. On the quality spectrum, this is an example of ______.
A. biased choices within GAAP
B. reporting within GAAP but displaying earnings management
C. non-GAAP compliant accounting
Explanation: Biased choices can be made in the context of how information is presented.

User Contributed Comments 2

User Comment
TarriqP Who said anything about GAAP? Why do we assume that they are within GAAP? It doesn't even say that they are a public company or that they are audited? They could disclose whatever they want for all we know...
connor15 That's in the reading, @TarriqP
You need to log in first to add your comment.