Which principle ensures consistency by applying the same principles as always?

• A. Principle of Sincerity
• B. Principle of Permanence of Methods
• C. Principle of Prudence
• D. Principle of Regularity

Answer: (D)

Regularity means sticking to established rules and applying the same principles in every situation. When you apply the same principles as always, you’re upholding regularity, which keeps financial reporting consistent, comparable, and trustworthy across periods.

This best fits because the description is about maintaining a steady, rule-based approach rather than changing how you measure or report, or about only being honest or cautious. While permanence of methods also supports consistency, regularity specifically emphasizes following the established rules across all cases.