Answered: The Conceptual Framework serves as a…

The Conceptual Framework serves as a guide in developing future financial reporting standards and in reviewing existing ones. TRUE OR FALSE

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor

Section: Chapter Questions

Problem 14CYBK

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51. The Conceptual Framework serves as a guide in developing future financial reporting standards and in reviewing existing ones.

TRUE OR FALSE

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