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Questionthere are four sources of external financial

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Question

There are four sources of external financial reporting regulations in Australia.

Required:

a) Briefly discuss the objectives and functions of each of these sources.

b) In your opinion, is it necessary to have all four of these sources? Justify your answer by discussing the purpose of each source of regulation. If you believe it is not necessary to have these sources, which source(s) do you think can be abolished, and why

Reference no: EM13379690

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