Question: there are limitations to the standard-setting process. Some common obstacles are cost versus benefits and the materiality of the issue.Standard setters need to consider the

there are limitations to the standard-setting process. Some common obstacles are cost versus benefits and the materiality of the issue.Standard setters need to consider the cost associated with gathering the information required to measure or disclosure the financial transactions. How could this implement the use of the codification as we move closer to convergence?

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