Critical evaluation on whether “A comprehensive and durable conceptual framework for financial reporting is unlikely to be formulated”.

Number of Words : 2204

Number of References : 7

Assignment Key : A-6457

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The increased significance and impact of financial reporting on the business world, in the last couple of decades, have again stirred a debate on the value that could potentially accrue to businesses and their stakeholders, via the introduction of an all-inclusive and broad global framework that would not only serve today’s needs but also be useful and effective over a longer time period.

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