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Basic Question 3 of 6
Which of the following represents IASB's approach to setting new financial reporting standards?
B. Rules-based approach
C. A mix of both approaches, depending on the account
A. Principles-based approach
B. Rules-based approach
C. A mix of both approaches, depending on the account
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I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
describe implications for financial analysis of alternative financial reporting systems and the importance of monitoring developments in financial reporting standards
CFA® 2025 Level I Curriculum, Volume 2, Module 1.