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Within the context of valuation methodology and disclosure, discuss the concepts of Relevance and Representational Faithfulness. In what circumstances might you have one, but not

Within the context of valuation methodology and disclosure, discuss the concepts of Relevance and Representational Faithfulness. In what circumstances might you have one, but not the other, or both? Could one have neither? Provide and discuss some examples of each scenario, as well as the risk and ramifications.

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