Question
With reference to the references below, identify and explain arguments as to whether the conceptual framework needed to be revised in order to provide the
- With reference to the references below, identify and explain arguments as to whether the conceptual framework needed to be revised in order to provide the IASB with a better basis for standard setting
References
Richard Barker (2015) Conservatism, prudence and the IASB's conceptual framework,Accounting and Business Research, 45:4, 514-538, DOI:10.1080/00014788.2015.1031983
Arjan Brouwer, Martin Hoogendoorn & Ewout Naarding (2015) Will the changes proposed to the conceptual framework's definitions and recognition criteria provide a better basis for IASB standard setting?, Accounting and Business Research, 45:5, 547-571, DOI:10.1080/00014788.2015.1048769
Craig, R., Smieliauskas, W. and Armenic, J. (2017), 'Estimation Uncertainty and the IASB's Proposed Conceptual Framework',Australian Accounting Review,27(1): 112-14.
Andrew Lennard (2007) Stewardship and the Objectives of Financial Statements: A Comment on IASB'sPreliminary Views on an Improved Conceptual Framework for Financial Reporting: The Objective of Financial Reporting and Qualitative Characteristics of Decision-Useful Financial Reporting Information, Accounting in Europe, 4:1, 51-66,DOI:10.1080/17449480701308774
Sutton, Cordery, & Zijl (2015) Sutton, D. B. , Cordery, C. J. , & Zijl, T. (2015). The purpose of financial reporting: The case for coherence in the conceptual framework and standards. Abacus, 51(1), 116-141
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