A purpose of IASB's conceptual framework is to assist preparers,auditors,and users of financial statements.

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The IASB's conceptual framework is designed to provide guidance and direction to preparers, auditors, and users of financial statements, helping them to understand and apply the principles and concepts underlying financial reporting. The framework sets out the key concepts and definitions that underpin financial reporting, providing a common language and a consistent approach to accounting standards and practices. It is intended to help ensure that financial statements are useful, relevant, reliable, and transparent, and that they provide users with the information they need to make informed decisions.

A Purpose of IASB's Conceptual Framework Is to Assist Preparers,auditors,and