Which of the Following Is Not a Benefit Associated with the IASB

question 59

Multiple Choice

Which of the following is not a benefit associated with the IASB Conceptual Framework Project?

• A)A conceptual framework should increase financial statement users' understanding of and confidence in financial reporting.
• B)Practical problems should be more quickly solvable by reference to an existing conceptual framework.
• C)A coherent set of accounting standards and rules should result.
• D)Business entities will need far less assistance from accountants because the financial reporting process will be quite easy to apply.