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Explains the need for a regulatory framework

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Reference no: EM132754652

Problem 1: Which of the following statement best explains the need for a regulatory framework?

A regulatory framework is required _________

Select one:

a. To enhance relevance and reliability of financial information in order to meet the information needs of the users

b. To enable accounting standards to develop in a more coherent fashion

c. To encourage a variety of accounting presentation of transactions to emerge

d. To ease the task of developing and implementing standards

Reference no: EM132754652

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