Which of the Following Is Critical to Principles-Based Standards

Multiple Choice

Which of the following is critical to principles-based standards?

A) May lose comparability because of management and auditor discretion in the application of the principles
B) Provide greater difficulty in seeking remedies against "bad actors" through either enforcement or litigation
C) Cause concerns to preparers and auditors that regulatory agencies might not accept good faith judgments
D) All of the above