Question: The IASB/ FASB Framework (Section 3.7.1) includes comparability as an enhancing characteristic of financial information. If securities markets are efficient, give an argument why lack

The IASB/ FASB Framework (Section 3.7.1) includes comparability as an enhancing characteristic of financial information. If securities markets are efficient, give an argument why lack of comparability of a firm’s accounting policies with other firms should not affect its share price. Give an argument why its share price may be affected by lack of comparability.

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