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  3. Study Set
    Issues in Financial Accounting Study Set 1
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    Exam 2: The Conceptual Framework: Purpose, reporting Entity, the Objective of Financial Reporting, and Qualitative Characteristics
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    Which of the Following Is Not One of the Major
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Which of the Following Is Not One of the Major

Question 26

Question 26

Multiple Choice

Which of the following is not one of the major potential benefits of a conceptual framework for accounting standards setters?


A) Improve the communication process
B) More consistent and logical accounting standards
C) Savings in auditing costs
D) Improved accountability

Correct Answer:

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