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Basic Question 9 of 11

Which one is NOT considered a mechanism to discipline financial reporting quality?

A. Investors
B. Lenders
C. Consumers of the company's primary product
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User Contributed Comments 1

User Comment
Inaganti6 Lenders want serious auditors
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Your review questions and global ranking system were so helpful.
Lina

Lina

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.