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Basic Question 14 of 18

Under IFRS the preparation of a complete set of financial statements is best described as a(n) ______.

A. objective of financial reporting
B. general requirement for financial statements
C. qualitative characteristic of the IFRS Framework

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Lina

Lina

Learning Outcome Statements

describe the importance of regulatory filings, financial statement notes and supplementary information, management's commentary, and audit reports

describe information sources that analysts use in financial statement analysis besides annual and interim financial reports

CFA® 2025 Level I Curriculum, Volume 2, Module 1.