1.2.2 The conceptual framework is the foundation that enhances the International Financial Reporting Standards (IFRS). Included in the framework is the definition of each of the elements. With reference to the IFRS; 1.2.2.1 Provide the definition of an expense. (3) 1.2.2.2 Is the withdrawal of assets by the owner of the business in the form of "Drawings" classified as an expense? Motivate your answer with a brief explanation. (2) 1.2.2.3 The framework identifies certain qualities that make the information presented on financial statements more useful to the users of financial statements. List at least two fundamental characteristics and three characteristics that enhance the fundamental characteristics