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Describe the primary users of financial statements according to the conceptual framework.
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Describe the primary users of financial statements according to the conceptual framework.

User Thomas Sauvajon
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Answer: Organisations such as IASB and FASB

Explanation: Conceptual framework refers to the system that helps the organisations such IASB and FASB to create rules and standards for financial reporting, that will eventually help the users of financial statements.

This framework consists of ideas and objectives for the above mentioned boards.

Thus, the conceptual framework serves authorities such as IASB and FASB.

User Vlad Sankin
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