Which of the following is not an example or informed judgement that a potential employee could make from accounting information

Which of the following was not one of the reasons for the FASB's decision to undertake the Conceptual Framework project?

$0\mathrm{.}5$

Multiple Choice

points

To describe concepts that will underlie guidance on future accounting practices and in due course serve as a basis for evaluating existing guidance and practices.

To facilitate the FASB's efforts in developing accounting and reporting guidance by providing a common foditation and basic reasoning on which to consider merits of alteri

To provide a structure or framework of financial accounting concepts.

To provide detailed, industry$-$specific authoritative guidance for the accounting and financial reporting of complex business transactions.