Codification is a justification of the standard-setting process itself rather than of the individual standards that result from that process.

Question

Quizplus · Accepted Answer

Codification is the process of collecting and organizing all the accounting standards in one place. It is a way of justifying the standard-setting process itself rather than evaluating the individual standards. Therefore, the statement is true, and the answer is A.

Codification Is a Justification of the Standard-Setting Process Itself Rather