The conceptual framework assists with ________.
A) the development of a set of standards which provide absolute answers for accounting questions
B) the development of a set of standards for auditors to use when looking for material misstatements or fraud
C) the development of a set of standards which ensure that accounting standards are coherent and uniform
D) All of the above

Question

Quizplus · Accepted Answer

The conceptual framework helps in developing a coherent set of accounting standards that ensure consistency and uniformity in financial reporting.

The Conceptual Framework Assists with ________