The objectives of both IFRS and US GAAP objectives are to provide information that is:
A)historical and conservative.
B)relevant and faithfully represented.
C)consistent and conservative.
D)reliable and historically based.

Question

Quizplus · Accepted Answer

Both aim to guide businesses in reporting financial information that is relevant and that faithfully represents the underlying activities of businesses.

The Objectives of Both IFRS and US GAAP Objectives Are