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Question 1 In a recent board meeting, there arose a disagreement as to which accounting standard is most appropriate for the entity. Whilst half of
Question 1 In a recent board meeting, there arose a disagreement as to which accounting standard is most appropriate for the entity. Whilst half of the members suggest IFRS as the most appropriate, the other half argue for the implementation of IPSAS. Required: Discuss four (4) considerations that the board should make in settling the disagreement. [ 4marks]
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