The CoBIT Framework Identifies Seven Information Criteria; the FASB Conceptual

question 52

Multiple Choice

The CoBIT framework identifies seven information criteria; the FASB conceptual framework includes four qualitative characteristics of accounting information, as well as several assumptions, principles and constraints. Which of the following statements about them is most true?

• A)The "effectiveness" criterion in CoBIT is related to the primary qualitative characteristic of "relevance" in the FASB conceptual framework.
• B)The "cost effectiveness" constraint in the FASB conceptual framework and the "effectiveness" criterion in CoBIT express the same idea in different ways.
• C)Both A and B are true.
• D)Neither A nor B is true.

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