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The International Accounting Standards Board (Board) issued the revised Conceptual Framework for Financial Reporting in March 2018. The new Conceptual Framework, has reintroduced the notion

The International Accounting Standards Board (Board) issued the revised Conceptual

Framework for Financial Reporting in March 2018. The new Conceptual Framework, has

reintroduced the notion of prudence and states that the exercise of prudence supports

neutrality. Critically examine this statement.

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