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The IASB is currently developing a revised Conceptual Framework for Financial Reporting. If you have been asked to review the framework, which is an example

The IASB is currently developing a revised Conceptual Framework for Financial Reporting. If you have been asked to review the framework, which is an example of a normative theory of accounting, why would it be important for you to pay particular attention to how the objective of financial reporting is defined within the framework?

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