New IFRS Conceptual Framework Revises Foundational Reporting Concepts
In completing the comprehensive project to change the conceptual framework, the International Accounting Standards Board (IASB) confirmed the objective of IFRS financial reporting as providing financial information that is useful to investors and others when deciding whether to provide resources to a company.
To read the full article in the Journal of Accountancy, click: New IFRS Conceptual Framework Revises Foundational Reporting Concepts.