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Under IFRS, the role of the conceptual framework: Multiple Choice Has resulted primarily from...

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Accounting

Under IFRS, the role of the conceptual framework:
Multiple Choice
Has resulted primarily from a convergence with U.S. GAAP.
Includes serving as a guide for practitioners when a specific standard does not apply.
Is less important than in U.S. GAAP.
Primarily involves guiding standard setters to make sure that standards are consistent with each other.
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