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 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.
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).