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What should the iasb treat the situation

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Reference no: EM132683149

Problem 1. If the IASB concludes that the economic consequences of a standard it is about to approve will disadvantage a powerful lobby group, what should the IASB treat the situation?

Problem 2. General acceptance of accounting standards is important to the accounting profession. By whom does the profession require general acceptance of the standards, and why is it important to the profession?

Problem 3. What is regulatory capture?

Reference no: EM132683149

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