Which of the Following Statements Are Incorrect About the Conceptual

Multiple Choice

Which of the following statements are incorrect about the Conceptual Framework's qualitative characteristic of verifiability?

A) Direct verification is through direct observation such as counting cash.
B) It means that different knowledgeable and independent observers will be able to reach complete agreement that the information is faithfully presented.
C) Indirect verification requires checking the inputs of a model, formula or technique and recalculating the outputs using the same methodology.
D) A consequence is that it may not be possible to verify budgeted information until a future period of time.