Question: Applying the Conceptual Framework is subjective and requires judgement. Would the IASB be better off to abandon the Conceptual Framework entirely and, instead, rely on

Applying the Conceptual Framework is subjective and requires judgement. Would the IASB be better off to abandon the Conceptual Framework entirely and, instead, rely on a very active interpretations committee that develops detailed guidance in response to requests from constituents?

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