Why would fairness in financial reporting be difficult

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Reference no: EM131529454

Question: 1. The True blood Committee Report advocated the use of financial forecasts. Why do you think that adoption of this suggestion has been very unenthusiastically received by preparers and auditors?

2. Under an accountability orientation, Jiri makes a strong case for the use of historical costing including the possibility of general price-level adjustments. Why do you think he has made this choice?

3. Why would "fairness" in financial reporting be difficult to implement?

Reference no: EM131529454

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