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IASC Framework's for the Preparation of Financial Statements identified four primary qualitative characteristics. Required: a. Discuss the four qualitative characteristics identified by IASB b. Contrast

IASC Framework's for the Preparation of Financial Statements identified four primary qualitative characteristics.

Required:

a. Discuss the four qualitative characteristics identified by IASB

b. Contrast and compare these qualitative characteristics with the qualitative characteristics identified by FASB in SFAC no 8

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