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Briefly explain the capture theory of regulation

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Reference no: EM133028150

Question - Cortese, Irvine, and Kaidoniss(2010) explore the setting of an accounting standard, IFRS6 Exploration For and Evaluation of Mineral Resources, with reference to the capture theory of regulation.

Required -

i. Briefly explain the capture theory of regulation.

ii. Discuss the arguments used to indicate that powerful extractive industry players captured the standard setting process in respect of IFRS6.

Reference no: EM133028150

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