Conceptual Framework - IASB

Date recorded:

At its meeting on September 21, 2017, the IASB tentatively decided that Chapter 2—Qualitative characteristics of useful financial information in the revised Conceptual Framework should: (i) clarify that a trade-off may need to be made between relevance and faithful representation and specifically between relevance and measurement uncertainty; but (ii) not discuss how such a trade-off is made.

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