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:

These new accounting and reporting standards should not just be global in nature, they should be principle-based rather than rule-based.
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.
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.
Other suggestions by participants included moving toward more principle-based accounting rules to provide more substance versus form in reporting.
Participants discussed the merits of replacing accounting rules with principle-based standards to promote more substance versus form in reporting.