Question: Question 15 (5 points) Assume your classmate has stated the following: Companies and their auditors don't spend enough time ensuring financial statement users get

Question 15 (5 points) Assume your classmate has stated the following: "Companies

Question 15 (5 points) Assume your classmate has stated the following: "Companies and their auditors don't spend enough time ensuring financial statement users get reliable information. The SEC should require companies to be more careful about the information included in their financial statements." Briefly note how this idea would be supported and opposed by referring to the Qualitative Characteristics set forth by the FASB. Page

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