Financial Reporting Quality Study guides, Class notes & Summaries

LO.a: Distinguish between financial reporting quality and quality of reported results (including quality of earnings, cash flow, and balance sheet items). 1. The information provided by a high quality financial report will least likely: A. contain information that is relevant, neutral, and free from error. B. decrease company value. C. help in assessing the earnings quality of a firm. 2. High quality financial reports least likely reflect: A. decision-useful information. B. earnings smoo...