Describe the substance of the conceptual framework

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In March 2018, the International Accounting Standards Board (IASB) published its revised conceptual framework including notable changes to the chapters on the objective of financial reporting and on qualitative characteristics. The IASB put more emphasis on stewardship as part of its decision usefulness objective.

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Question 1: Review and describe the substance of and reasons for the changes on the conceptual framework, especially on stewardship, in light of the history of the IASB's work on conceptual frameworks.

Reference no: EM132483417

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