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  3. Study Set
    Contemporary Accounting
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    Exam 2: Types of Organisations and the Financial Reporting Framework
  5. Question
    The Political Nature of Standard Setting Refers to the Fact
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The Political Nature of Standard Setting Refers to the Fact

Question 46

Question 46

True/False

The political nature of standard setting refers to the fact that, for example, preparers may lobby the standard setters to promote their own self-interest rather than the decision-making usefulness of general purpose reports.

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