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Do think the framework should be evaluated for updates

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Question 1: The FASB's Conceptual Framework presents objectives that identify the goals and purposes of financial reporting for business enterprises. These objectives have not changed over the years. Do you think the framework should be evaluated for updates that would reflect changes in the business environment? Which objective(s) might be changed, and why? What new objectives should be added to the conceptual framework? Note any items from recent news that relate to your suggestions.

Reference no: EM132875669

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