Identify the main users of accounting referred to within the AASB/IASB conceptual framework. Does the identification of particular users within the conceptual framework have implications for the future of accounting measurement? In your response you will need to consider the implications of the identification of particular users on the use of fair values and historical cost accounting.

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The IFRS Framework describes the basic concepts that underlie the preparation and presentation of financial statements for external users The IFRS Framework serves as a guide to the Board in developin... View the full answer