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Basic Question 10 of 11

Features of a regulatory regime that most directly affect financial reporting include ______.

I. registration requirements
II. disclosure requirements
III. auditing requirements
IV. enforcement mechanisms

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Colin Sampaleanu

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.