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What is the purpose of the conceptual framework?

Oliver Wilson | 2023-06-12 04:10:35 | page views:1170
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Lucas Ross

Works at the International Monetary Fund, Lives in Washington, D.C., USA.
The primary purpose of the Conceptual Framework was to assist the IASB in the development of future IFRSs and in its review of existing IFRSs. The Conceptual Framework may also assist preparers of financial statements in developing accounting policies for transactions or events not covered by existing standards.Feb 20, 2013
2023-06-15 04:10:35

Ethan Taylor

QuesHub.com delivers expert answers and knowledge to you.
The primary purpose of the Conceptual Framework was to assist the IASB in the development of future IFRSs and in its review of existing IFRSs. The Conceptual Framework may also assist preparers of financial statements in developing accounting policies for transactions or events not covered by existing standards.Feb 20, 2013
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