Is there a lack of direct logical connection between the premise and the hypothesis? Premise: 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. Hypothesis:  some participants cautioned that principle-based standards should not be viewed as a panacea to solve the 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.### some participants cautioned that principle-based standards should not be viewed as a panacea to solve the problems 