The SEC Study of a Principles-Based System Identifies Each of the Following

Multiple Choice

The SEC study of a principles-based system identifies each of the following characteristics that should guide standards setting except for:

A) Be based on an improved and consistently applied conceptual framework
B) Clearly state the accounting objective of the standard
C) Minimize exceptions from the standards
D) Minimize the detail and structure so that the standard can be operationalized and applied on a consistent basis