Answer: It is used when there is no standard or interpretation related to the reporting issues under consideration.
Step-by-step explanation:
The authoritative status is basically based on the conceptual framework that follow that there is no standard and no interpretation regarding the reporting issue. The main purpose the conceptual framework is that it works on the future development and also helps to clarifying the accounting standards.
It also helps to assets the various financial statement regarding the development of various types of policies regarding the reporting issue and it is not covered by the exist standard.