Page 31 - FINAL CFA I SLIDES JUNE 2019 DAY 9
P. 31
Session Unit 9:
32. Financial Reporting Quality, p.306
LOS 32.b: Describe a spectrum for assessing financial reporting quality., p.306
1. Reporting is compliant with GAAP and decision useful; earnings are sustainable
and adequate.
tanties
6. Reporting is not compliant and includes numbers that are essentially fictitious
or fraudulent.
