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QUESTION 1 In 2018, both FASB and IASB published a new version of their conceptual framework, this step can be considered as a major step

QUESTION 1 In 2018, both FASB and IASB published a new version of their conceptual framework, this step can be considered as a major step forward. 1- Identify the components (the levels) of the conceptual framework [4 Marks] 2- Discuss similarities and differences between these two conceptual frameworks [6 Marks] [Total 5 Marks]

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