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What is meant by faithful representation according to iasb

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Reference no: EM132631022

An important requirement of the International Accounting Standard Boards (IASB's) Framework for the Preparation and Presentation of Financial Statements (Framework) is that an entity's financial statements should represent faithfully the transactions and events that it has undertaken.

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Problem 1: Explain what is meant by faithful representation according to the IASB's Framework for the Preparation and Presentation of Financial Statements

Reference no: EM132631022

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