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During global financial crisis of 2008/9, it was claimed that IFRS fair value accounting techniques used in corporate reports had distorted financial reality and caused

During global financial crisis of 2008/9, it was claimed that IFRS fair value accounting techniques used in corporate reports had distorted financial reality and caused financial crisis. In the period 2009 - 2020, do you think IFRS fair value standards have improved? State your reasons and evidence. (300 words)

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