Words similar to principles-based

Example sentences for: principles-based

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

The Employee Retirement Income Security Act (ERISA) was cited as an example of an approach that blended both a principles-based (general fiduciary standards) and rulesbased (prohibited transactions) approach to an important issue (retirement security).
The New York Stock Exchange is moving to adopt certain changes in its listing requirements relating to governance matters; boards and audit committees are taking their related responsibilities much more seriously; the Financial Accounting Standards Board (FASB) is exploring a principles-based approach to accounting standards and is reconsidering the current accounting and reporting treatment for SPEs and stock options; the AICPA has issued a new fraud detection audit standard and is beginning to assess the need for other enhanced attest and assurance standards but it clearly needs to pick up the pace; the U.S.