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Under NZ IFRS, entities must follow the NZ Conceptual Framework, and under NZ PBE IPSAS entities must follow the NZ PBE Framework. Describe what an

Under NZ IFRS, entities must follow the NZ Conceptual Framework, and under NZ PBE IPSAS entities must follow the NZ PBE Framework.

Describe what an accounting conceptual framework is and explain why they are useful.

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