charateristic of effective financial reporting framework

Which of the following is Least likely to be a charateristic of an effective financial reporting framework? A. Consistency B. Transparency C. Comparability D. Comprehensiveness I can narrow it down to A & C…any ideas? Thx.

C I always have trouble remembering this, and have it triple marked in my notes (number of times I’ve not known the answer to the same question). Does anyone have a way of remembering this list?

it’s D?

C

Framework should be transparent, comprehensive, and consistent. Don’t confuse these with the qualitiative characterestics of financial statements which are comparability, understandability, relevance and reliable.

javanon860 Wrote: ------------------------------------------------------- > Framework should be transparent, comprehensive, > and consistent. > > Don’t confuse these with the qualitiative > characterestics of financial statements which are > comparability, understandability, relevance and > reliable. Good contrast