Take the following as truth: In that respect, some participants suggested that standard setters first needed to get the basics right with the current financial reporting model, for example in areas such as accounting for pensions, post-employment benefits, and pro-forma financial statements, to help restore investor confidence.
Then the following statement: "These people were all liberals who thought the reporting model was being far too conservative." is true, false, or inconclusive?
Answer: Inconclusive