$**$Objective Question:$**$

In accounting, why is consistency in policies and practices important, and how does it impact the comparability of financial information over time?

$**$Choices:$**$

A$)$ Consistency ensures that financial statements are prepared using the same methods and principles from period to period.

B$)$ Consistency allows for flexibility in changing accounting standards to adapt to market trends.

C$)$ Consistency minimizes the need for audits and regulatory oversight of financial reporting.

D$)$ Consistency increases the complexity of financial analysis and interpretation.