A study by the SEC notes that imperfections exist when standards are established on either a rules-based or a principles-based basis only. The SEC recommends that standards should have all of the following characteristics except:

A. Enumerate exceptions from the standard.
B. Provide sufficient detail and structure so that the standard can be operationalized and applied on a consistent basis.
C. Avoid use of bright lines that allow structuring of financial transactions to achieve technical compliance while evading the intent of the standard.
D. Be based on a consistently applied conceptual framework.

Option A

The SEC recommends that standards should have all of the following characteristics except: Enumerate exceptions from the standard

The Sarbanes-Oxley Act of 2002 inquired, amid other things, to enhance the system of financial reporting by strengthening the checks and balances that are important to investor faith.

Such standards should possess the subsequent attributes: Be based on an enhanced and consistently implemented conceptual structure; state the accounting goal of the standard; Grant adequate specification and structure so that the standard can be operationalized and implemented consistently; Lessen exemptions from the standard; Dodge the usage of percentage tests ("bright-lines") that provide financial engineers to resolve technical yielding with the standard while avoiding the purpose of the standard.

answer; (a) conduct a worksite inspection;