Which of the following statements is false?

a.    The monetary unit assumption is used under IFRS.
b.    Under IFRS, companies may use fair value for property, plant, and equipment.
c.    The FASB and IASB are no longer working on a joint conceptual framework project.
d.    Under IFRS, the concept of prudence is not considered.

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d Under IFRS the concept of prudence is ... View the full answer