Final answer:
According to the FASB's conceptual framework, an event that does not violate the concept of faithful representation is when a company reports its financial statements accurately and without bias, providing complete and relevant information to users.
Step-by-step explanation:
According to the FASB's conceptual framework, an event that does not violate the concept of faithful representation is when a company reports its financial statements accurately and without bias, providing complete and relevant information to users.
For example, if a company follows the principles of consistency, meaning it applies the same accounting methods from one accounting period to another, this event would not violate the concept of faithful representation.
Another example would be when a company discloses all relevant information about a contingent liability, such as a pending lawsuit, in its financial statements, providing a faithful representation of the financial position and results of operations.