Under the Conceptual Framework for Financial Reporting which of the following statements is not a feature of financial information’s “comparability” characteristics? Comparability is uniformity A comparison requires at least two items Consistency, although related to comparability, is not the same Comparability is the goal; consistency helps to achieve that goal

Auditing: A Risk Based-Approach to Conducting a Quality Audit
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Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
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Chapter17: Other Services Provided By Audit Firms
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  1. Under the Conceptual Framework for Financial Reporting which of the following statements is not a feature of financial information’s “comparability” characteristics?
    • Comparability is uniformity
    • A comparison requires at least two items
    • Consistency, although related to comparability, is not the same
    • Comparability is the goal; consistency helps to achieve that goal
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