When developing requirements for IFRS Standards, can the International Accounting Standards Board depart from the Conceptual Framework?
When developing requirements for IFRS Standards, can the International Accounting Standards Board depart from the Conceptual Framework?
Chapter13: Sustainability Reporting
Section: Chapter Questions
Problem 10Q: Explain the role and purpose of the Integrated Reporting Framework.
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![When developing
requirements for IFRS
Standards, can the
International Accounting
Standards Board depart
from the Conceptual
Framework?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fced92037-2e12-47e9-b960-4fa8e705aff9%2F69531385-94d8-4c85-8f15-02fd0d541972%2Fm7h7za_processed.png&w=3840&q=75)
Transcribed Image Text:When developing
requirements for IFRS
Standards, can the
International Accounting
Standards Board depart
from the Conceptual
Framework?
![O A. No
B. Yes, the Board is not required
to use the Conceptual Framework
when developing Standards
C. Yes, but only from aspects of
the Conceptual Framework and
only if doing so is needed to meet
the objective of financial
reporting
O D. None of the above](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fced92037-2e12-47e9-b960-4fa8e705aff9%2F69531385-94d8-4c85-8f15-02fd0d541972%2Fznwf3fc_processed.png&w=3840&q=75)
Transcribed Image Text:O A. No
B. Yes, the Board is not required
to use the Conceptual Framework
when developing Standards
C. Yes, but only from aspects of
the Conceptual Framework and
only if doing so is needed to meet
the objective of financial
reporting
O D. None of the above
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