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Enterprise governance integrates conformance or corporate governance with the performance or business governance. Corporate governance includes the protection of stakeholders from unfair and fraudulent behavior by the management. Business governance, which seeks to create value and attain strategic goals securely, ensures good corporate governance. However, it cannot be dissociated from conformance. Conformance and performance depend upon the social and economic behavior of management.
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Question 1: Considering the globally changing management and business environment, discuss the role and function of contemporary management accounting and the management accountant concerning enterprise governance
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