The Importance of Conceptual Framework for Accounting Accounting essay
The Conceptual Framework describes the purpose and concepts of general purpose financial reporting. The aim is to: assist the IASB in developing IFRS standards based on: 1. A conceptual framework for the historical study of fraud and scandals. The classic framework for studying fraud is the so-called 'fraud triangle', consisting of the incentive or pressure to commit fraud, the opportunity to commit fraud and its rationalization by perpetrators for a brief explanation, see Hollow, In their synthesis,