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Conceptual Framework (joint project FASB / IASB) - Phase C Measurement


In October 2004, the Boards decided to add to their agendas a joint project to develop an improved and common conceptual framework that is based on and builds on their existing frameworks, (that is, the IASB's Framework for the Preparation and Presentation of Financial Statements and the FASB's Statements of Financial Accounting Concepts). 

The IASB and FASB began deliberations on this phase of the project but no due process documents were issued.

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