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Question 3 - 20 Marks a) The International Accounting Standards Board (IASB) is in the forefront by promoting that all countries worldwide should adopt International

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Question 3 - 20 Marks a) The International Accounting Standards Board (IASB) is in the forefront by promoting that all countries worldwide should adopt International Financial Reporting Standards (IFRS) as it is the easier way of promoting harmonisation. Discuss arguments for and against this statement. (14 marks) b) How has the conceptual framework assisted in the improvement of accounting practices? (6 marks)

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