请问报告质量从高到低的判断知识点在哪里？还有这题为什么C不对呢？

问题如下：

Financial reports of the lowest level of quality reflect:

选项：

fictitious events.

biased accounting choices.

accounting that is non-compliant with GAAP.

解释：

A is correct.

Financial reports span a quality continuum from high to low based on decision-usefulness and earnings quality (see Exhibit 2 of the reading). The lowest-quality reports portray fictitious events, which may misrepresent the company’s performance and/or obscure fraudulent misappropriation of the company’s assets.

解析：根据决策有用性和盈利质量，财务报告的质量从高到低不等。低质量的报告所描述的是虚假交易，可能会歪曲公司的业绩或者掩盖对公司资产的欺诈性挪用。