Some individuals have indicated that the IASB must be cognizant of the economic consequences of its pronouncements.

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Some individuals have indicated that the IASB must be cognizant of the economic consequences of its pronouncements. What is meant by "economic consequences"? What dangers exist if politics play too much of a role in the development of IFRS?

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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Posted: Nov 23, 2017 08:04 AM

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Some individuals have indicated that the IASB must be cognizant of the economic consequences of its pronouncements.

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Economic consequences means the impact of accounting reports on the wealth positions ...View the full answer

Intermediate Accounting IFRS

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