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MC Question 10

Which of the following is NOT a purpose of the IASB’s Conceptual Framework?

A

To assist the IASB in the preparation and review of IFRS

B

To assist auditors in forming an opinion on whether financial statements comply with IFRS

C

To assist in determining the treatment of items not covered by an existing IFRS

D

To be authoritative where a specific IFRS conflicts with the Conceptual Framework