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What is the qualitative characteristic of financial statements according to the Framework?

What is the qualitative characteristic of financial statements according to the Framework?

Auditing: A Risk Based-Approach to Conducting a Quality Audit
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter17: Other Services Provided By Audit Firms
Section: Chapter Questions
Problem 57RSCQ
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What is the qualitative characteristic of financial statements according to the Framework?
 
 
a. Qualitative characteristics are broad classes of financial effects of transactions and other events
b. Qualitative characteristics are the attributes that make the information provided in financial statements useful to others
c. Qualitative characteristics measure the extent to which an entity has complied with all relevant standards.
d. Qualitative characteristics are non-quantitative aspects of an entity’s position and performance and changes in financial position.
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