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Current Attempt in Progress Which of the following is NOT true of professional judgement? It plays an especially important role in ASPE and IFRS. It

Current Attempt in Progress

Which of the following is NOT true of "professional judgement"?

It plays an especially important role in ASPE and IFRS.

It is important where standards are based primarily on general principles.

It requires a rules

-

based system to be fully utilized.

It is used in conjunction with the conceptual framework in the absence of specific standards.

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