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Research Financial Accounting Standards Board (FASB), International Accounting Standards Board (IASB), Conceptual Framework.

Research Financial Accounting Standards Board (FASB), International Accounting Standards Board (IASB), Conceptual Framework. Examine the benefits of the current first phase of the conceptual framework in establishing a principles-based framework for more consistent and useful financial reporting.

As CFO of a U.S. company, suggest examples of a plan to mitigate risk and reduce potential litigation under a principles-based accounting framework.

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