The UK Accounting Standards Board (ASB)retained the use of its own conceptual framework even after harmonisation.
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Q3: The recognition criteria for liabilities are consistent
Q5: The trade-off between relevance and faithful representation
Q6: The Conceptual Framework defines principles for a
Q7: The IASB Conceptual Framework is considered to
Q7: The IASB and US FASB are jointly
Q8: The IASB Conceptual Framework serves as a
Q8: The efficiency perspective is consistent with limiting
Q11: One of the benefits of the Conceptual
Q13: Transactions or events that cannot be linked
Q20: Relevance and faithfully represented characteristics are placed
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