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Basic Question 7 of 11
Which of the following factors are related to rationalizations?
II. Management's excessive interest in maintaining or increasing a firm's stock price
III. Management failing to correct known reportable conditions on a timely basis
IV. Employing inappropriate means to minimize earnings for tax purposes
V. Failure to effectively communicate a firm's ethical standards
I. Significant estimates and subjective judgment in accounting for assets, liabilities, revenues, and expenses
II. Management's excessive interest in maintaining or increasing a firm's stock price
III. Management failing to correct known reportable conditions on a timely basis
IV. Employing inappropriate means to minimize earnings for tax purposes
V. Failure to effectively communicate a firm's ethical standards
User Contributed Comments 3
| User | Comment |
|---|---|
| shoemets | yay, thanks question 5! |
| abs013 | deja vu. It's question 5 |
| walterli | FFS |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe motivations that might cause management to issue financial reports that are not high quality and conditions that are conducive to issuing low-quality, or even fraudulent, financial reports
describe mechanisms that discipline financial reporting quality and the potential limitations of those mechanisms
CFA® 2025 Level I Curriculum, Volume 3, Module 10.