please do it in 10 minutes will upvote

Question 11 The director of TYH Plc has heard of something called the IASB conceptual framework and they ask you to explain why there is a need for such a framework within accountancy. Part A REQUIRED: Write a report to the director highlighting the IASB conceptual frameworks guidance, purpose and scope within the financial reporting function. (10 marks) Part B The Director of XYZ Plc has heard of 'impairment' but is not sure how it would affect the financial statements of XYZ Plc. Knowing that you are an accounting and finance student, she asks you for advice. REQUIRED: Write a report describing what is meant by 'impairment' and briefly explain the procedures that must be followed when performing an impairment review