Words similar to principle-based

Example sentences for: principle-based

How can you use “principle-based” in a sentence? Here are some example sentences to help you improve your vocabulary:

New principle-based accounting and reporting standards should be focused on value and risk.
Participants discussed the merits of replacing accounting rules with principle-based standards to promote more substance versus form in reporting.
Other suggestions by participants included moving toward more principle-based accounting rules to provide more substance versus form in reporting.
These new accounting and reporting standards should not just be global in nature, they should be principle-based rather than rule-based.
However, some participants cautioned that principle-based standards should not be viewed as a panacea to solve the problems with financial reporting and could lead to an undesirable situation where you would not have comparability or agreement as to the treatment of similar transactions.