Which of the Following Is Not a Key Point of the Framework

question 53

Multiple Choice

Which of the following is not a key point of the Framework?

• A) Relevance and reliability are the primary qualitative characteristics that financial information should possess.
• B) Consistency should not be an end in itself.
• C) The concept of prudence should always take precedence over reliability.
• D) Financial information may lose its relevance if there is undue delay in reporting it.

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Definitions:

Precise Criterion

A specific and clear standard or principle used for judging, evaluating, or making decisions.

Sometimes

Occurring occasionally or at irregular intervals; not consistently or regularly.

Somewhere

An unspecified or indefinite place.

Antidisestablishmentarianism

The political stance against the withdrawal of state support from an established church, notably used in historical contexts such as 19th-century Britain.