The Conceptual Framework: (a) has been completed and is awaiting approval by the International Accounting and Reporting

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The Conceptual Framework:

(a) has been completed and is awaiting approval by the International Accounting and Reporting Board (IARB).

(b) is in the process of being prepared by the IARB.

(c) is the result of a joint project between the International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB).

(d) none of the above.

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