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Do the IASB and FASB conceptual frameworks differ in terms of the role of financial reporting? Explain.

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Do the IASB and FASB conceptual frameworks differ in terms of the role of financial reporting? Explain.

Answered Same Day Dec 24, 2021

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Robert answered on Dec 24 2021
124 Votes
Do the IASB and FASB conceptual frameworks differ in terms of the role of financial
eporting? Explain.
The IASB and FASB differ in terms of financial reporting in a way that the IASB framework
applies to general purpose financial statements. The primary financial statements and the
notes accompanying the financial statements but...
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