March 2026 ACCA Exams

Comments & Instant poll

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2026 exams.
Get your discount code >>

Fair Presentation Framework and Compliance Framework

This topic has 2 replies, 2 voices, and was last updated 3 years ago by Kim Smith.

Viewing 3 posts - 1 through 3 (of 3 total)

Author
Posts
January 1, 2023 at 9:46 am #675268
daniyal45
Participant
- Topics: 14
- Replies: 4
I have read in ISA 700 revised.
What is meant by Fair Presentation Framework and Compliance Framework?
January 1, 2023 at 12:59 pm #675279
Kim Smith
Keymaster
- Topics: 138
- Replies: 8443
Welcome to my forum!
IFRS is a fair presentation framework i.e. reporting requirements are aimed at financial statements that “present fairly, in all material respects…. “.
A compliance framework is more rules based rather than principles based.
January 1, 2023 at 1:04 pm #675280
Kim Smith
Keymaster
- Topics: 138
- Replies: 8443
You need only know fair presentation for AAA.
Author
Posts

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic.