CFA Practice Question

There are 86 practice questions for this study session.

CFA Practice Question

According to the IFRS framework, which of the following qualities of financial information is least likely to improve its "faithful representation"?
A. Consistency
B. Neutrality
C. Completeness
Explanation: The IFRS framework identifies three factors that contribute to faithful representation: complete, neutral, and free from error.

User Contributed Comments 2

User Comment
nzohoury Faithful representation replaces the previously used term "reliability". Financial information that faithfully represents economic phenomena has three characteristics: complete, neutral, and free from error.
sameerg the frameworks is bit confusing ..almost simila
You need to log in first to add your comment.