The statement in respect of the IASB/FASB convergence project established in 2002 that is incorrect is:
A) A project to develop a joint conceptual framework has been added to the agenda
B) The project will focus on changes in the environment since the IASB and the FASB each issued their original frameworks
C) Work on several phases of the project will be carried out concurrently
D) Private sector and not-for-profit sector issues will be considered simultaneously.
Correct Answer:
Verified
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