Multiple Choice
Which of the following is not a key point of the Framework?
A) Relevance and faithful representation are the primary qualitative characteristics that financial information should possess.
B) Consistency should not be an end in itself.
C) The concept of prudence should always take precedence over reliability.
D) Financial information may lose its relevance if there is undue delay in reporting it.
Correct Answer:

Verified
Correct Answer:
Verified
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