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I have the Wiley 2011 book and know that the FASB Framework has changed to Relevance (Predictive Value, Confirmatory Value, and Materiality); Faithful Representation (Completeness, Neutrality, and Freedom from Error); with enhancing characteristics ( comparability, verifiability, timeliness, and understandability). Has the IASB’s changed as well or is it still Relevance (predictive value, confirmatory value, materiality); Reliability (faithful representation, substance over form, neutrality, prudence, and completeness), and Comparability?
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