The Business Environment

Author: Client Uploads

February 16th, 2023

The FASBs Conceptual Framework presents objectives that identify the goals and purposes of financial reporting for business enterprises. These objectives have not changed over the years. Do you think the framework should be evaluated for updates that would reflect changes in the business environment? Which objective(s) might be changed, and why? What new objectives should be added to the conceptual framework? Note any items from recent news that relate to your suggestions.

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