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Basic Question 9 of 11
Which one is NOT considered a mechanism to discipline financial reporting quality?
B. Lenders
C. Consumers of the company's primary product
A. Investors
B. Lenders
C. Consumers of the company's primary product
User Contributed Comments 1
| User | Comment |
|---|---|
| Inaganti6 | Lenders want serious auditors |
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
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® 2024 Level I Curriculum, Volume 3, Module 10.