Elements of financial statements are prescribed by the Conceptual Framework of financial accounting. These elements include liabilities, equity, revenues, expenses and gains and losses. Required: c) List and describe any four qualitative characteristics of financial statements.

Elements of financial statements are prescribed by the Conceptual Framework of financial accounting. These elements include liabilities, equity, revenues, expenses and gains and losses. Required: c) List and describe any four qualitative characteristics of financial statements.

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter17: Other Services Provided By Audit Firms

Section: Chapter Questions

Problem 57RSCQ

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