Conceptual frameworks issued by the IASB apply only to:

Group of answer choices

A. public sector entities

B. non-profit entities

C. forprofit entities

D. both non-profit and for-profit entities

Which of the following is NOT an advantage to IFRS adoption?

Group of answer choices

A. It makes accounting standard development more flexible.

B. None of the answer stated is correct.

C. It makes financial statements more comparable.

D. It is a cost effective way to have a comprehensive set of standards.