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Define the iasb and aasb conceptual frameworks

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According to Deegan 2014 (p. 258) 'a number of writers have suggested that conceptual frameworks are created primarily to provide benefits to the parties that actually develop or commission the frameworks'. What does Deegan mean by this statement? Do you agree with Deegan, or do you think conceptual frameworks exist for other reasons? Justify your position.

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Question 1: Define the IASB and AASB Conceptual Frameworks, including their objective of general purpose financial reporting

Reference no: EM132609215

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