Question
According to the IAS 8 Hierarchy, the IASBs Conceptual Framework for Financial Reporting is a. nonauthoritative. b. authoritative, but has a lesser degree of authority
According to the IAS 8 Hierarchy, the IASBs Conceptual Framework for Financial Reporting is
a. nonauthoritative.
b. authoritative, but has a lesser degree of authority than standards.
c. authoritative, and is equally authoritative as standards.
d. in development and has not yet been issued.
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Financial Accounting And Reporting
Authors: Mr Barry Elliott, Jamie Elliott
10th Edition
0273703641, 978-0273703648
