Which of These Is not an Aspect of the Conceptual

question 5

Multiple Choice

Which of these is not an aspect of the Conceptual Framework's constraint of timeliness?

• A)The frequency of the reporting period,
• B)The delay in publication of the financial reports after the end of the financial period
• C)Preparing financial reports for a 12 month period
• D)Having information available in time to influence decisions

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Definitions:

Tort Law

The area of law that deals with civil wrongs and damages to a person, property, or reputation, not arising out of contractual obligations.

Toxic Substances Control Act

The Toxic Substances Control Act is a law passed by the United States Congress in 1976 designed to regulate the introduction of new or already existing chemicals.

Pesticides

Chemicals used to eliminate or control a variety of pests, including insects, weeds, fungi, and rodents.

National Environmental Policy Act (NEPA)

A United States environmental law that promotes the enhancement of the environment and established the President's Council on Environmental Quality (CEQ).