Needs for regulation in accounting

Reference no: EM13146713

When lots of conpanies make accounting standards it becomes inefficeint. businesses will not disclose all their information and when a is person interested in the business , they will hav to pay some money to get access to all the information.

Provide justification as to how far is this statement correct. Also state the needs for regulation in accounting and why free market for accounting information is not good.

Reference no: EM13146713

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