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Question 3. The qualitative characteristics of relevance, faithful representation and comparability which areidentified in the IASB Conceptual Framework are some of the attributes that make

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Question 3. The qualitative characteristics of relevance, faithful representation and comparability which areidentified in the IASB Conceptual Framework are some of the attributes that make financialinformation useful to the various users of financial statements. Critically explain what is meant by relevance, faithful representation and comparability and how they make financial information useful

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