Which of the Following Is Not a Perceived Advantage in Developing

Multiple Choice

Which of the following is not a perceived advantage in developing a conceptual framework project?

A) Standard-setters will be less accountable for their decisions.
B) Setting accounting standards will be more economical, despite the resources needed to develop the conceptual framework and standards.
C) It will result in a reduced number of accounting standards where issues are covered by the conceptual framework.
D) It will provide a defence and enhance the legitimacy of the accounting profession.