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.
( 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 ) ) ) ) ) ) ) ) ) ) ) ) . ) ) ) )
(ROOT (S (ADVP (RB However)) (, ,) (NP (DT some) (NNS participants)) (VP (VP (VBD cautioned) (SBAR (IN that) (S (NP (JJ principle-based) (NNS standards)) (VP (MD should) (RB not) (VP (VB be) (VP (VBN viewed) (PP (IN as) (NP (DT a) (NN panacea))) (S (VP (TO to) (VP (VB solve) (NP (DT the) (NNS problems)) (PP (IN with) (NP (JJ financial) (NN reporting)))))))))))) (CC and) (VP (MD could) (VP (VB lead) (PP (TO to) (NP (DT an) (JJ undesirable) (NN situation))) (SBAR (WHADVP (WRB where)) (S (NP (PRP you)) (VP (MD would) (RB not) (VP (VB have) (NP (NN comparability) (CC or) (NN agreement)) (PP (IN as) (PP (TO to) (NP (NP (DT the) (NN treatment)) (PP (IN of) (NP (JJ similar) (NNS transactions))))))))))))) (. .)))
 some participants cautioned that principle-based standards should not be taken lightly
( ( some participants ) ( cautioned ( that ( ( principle-based standards ) ( ( should not ) ( be ( taken lightly ) ) ) ) ) ) )
(ROOT (S (NP (DT some) (NNS participants)) (VP (VBD cautioned) (SBAR (IN that) (S (NP (JJ principle-based) (NNS standards)) (VP (MD should) (RB not) (VP (VB be) (VP (VBN taken) (ADVP (RB lightly))))))))))