One assumption made by the IASB conceptual framework is that the reporting entity is a going concern.

Name: One assumption made by the IASB conceptual framework is that the reporting entity is a going concern.
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The IASB conceptual framework assumes that the reporting entity is a going concern, meaning that it is expected to continue operating in the foreseeable future. This assumption is important for financial reporting as it affects how assets and liabilities are valued and reported.

One Assumption Made by the IASB Conceptual Framework Is That