4. Which of the following are benefits associated with the IASB Conceptual Framework Project? Choose 2 answers (2 Points) Practical problems should be more quickly solvable by reference to an existing conceptual framework. Business entities will need far less assistance from accountants because the financial reporting process will be quite easy to apply A coherent set of accounting standards and rules should result. A conceptual framework should decrease financial statement users' understanding of and confidence in financial reporting. 8:09 PM