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    Are the principles embodied in SFAC 2 sufficiently neutral to allow adoption regardless of cultural, economic, or political system?

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    Are the principles embodied in SFAC 2 sufficiently neutral to allow adoption regardless of cultural, economic, or political system?

    The general characteristics that are embodied in SFAC 2 are 'usefulness' and 'understandability'. Usefulness and understandability in different cultures and economic systems differ and the usefulness for the purpose of decision making differs from culture to culture and from economic system to ...

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