In Regards to the Conceptual Framework for Financial Reporting,which of the Following

question 17

Multiple Choice

In regards to The Conceptual Framework for Financial Reporting,which of the following is incorrect:

• A)limited sections of this were not revised under a joint project by the IASB and the FASB and issued in 2010.
• B)it was issued by the IASB.
• C)it derives from conceptual frameworks developed in several countries over the past 30 years.
• D)the project was re‐commenced by the IASB and a Proposed Framework is expected to be enacted in 2017.

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