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:

There was general agreement that (1) a combination of principle-based and rule-based standards would be needed and (2) principle-based accounting rules were not a panacea to solve financial reporting problems.
New principle-based accounting and reporting standards should be focused on value and risk.
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.
Participants discussed the merits of replacing accounting rules with principle-based standards to promote more substance versus form in reporting.