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What is the WACF?

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What is the WACF?

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The Water Accounting Conceptual Framework (WACF) establishes: • the nature and scope of water accounting • consistent terminology • a set of common premises for recognising and quantifying the elements of water accounting reports. Standards developers are the main users of the WACF. However, the framework may also help report preparers to resolve issues on which the standards are silent. The WACF underpins the PAWAS and AWAS.

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