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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 |
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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 |