5.27 The IASB Conceptual Framework for Financial Reporting does not prescribe a specific approach to measurement. However, in recent years accounting standards have been released which have shown a movement away from historical costs and a movement towards the use of fair values. Why do you think this is occurring? Further, why do you think that conceptual frameworks have not been amended to stipulate an alternative to historical costssuch as the use of fair values? LO 5.5, 5.7