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The FASB's and IASB'S Qualitative Characteristics Describe the Attributes That

question 114

Essay

The FASB's and IASB'S qualitative characteristics describe the attributes that enhance the usefulness of financing reporting information.What are they?


Definitions:

Indictment

A formal charge or accusation of a serious crime, issued by a grand jury or by other legal authority.

Criminal Suit

Legal proceedings initiated by the state against an individual or entity accused of committing a criminal act.

Burden Of Proof

The obligation to present evidence to support one's claim or defense in a legal proceeding.

Embezzlement

The act of withholding assets for the purpose of conversion of such assets, by one or more individuals to whom the assets were entrusted.

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