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Discuss the term capture in the context of accounting theory

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Question - Discuss the term "capture" in the context of accounting theory. Evaluate all possible "entities" that can be captured (do not forget about the auditors and auditees relationship). How can the issues of being "captured" be mitigated (discuss all entities listed above and how you could mitigate these issues)? With your solutions of mitigating the capture issue, do you develop new regulation? What is your new regulation? How does this new regulation affect your newly developed Objective of General Purpose of Financial Reporting?

Reference no: EM133080782

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