In a recent meeting with its auditor, Counting Crows' management argued that the company should be able to prepare a non GAAP income statement with some one-time administrative expenses reported similar to discontinued operations. Is such reporting consistent with the qualitative characteristics of accounting information as discussed in the conceptual framework? Explain. B : T E T'I EE 1 O Word(s) In a recent meeting with its auditor, Counting Crows' management argued that the company should be able to prepare a non GAAP income statement with some one-time administrative expenses reported similar to discontinued operations. Is such reporting consistent with the qualitative characteristics of accounting information as discussed in the conceptual framework? Explain. B : T E T'I EE 1 O Word(s)