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There are those who suggest that any standard setting body is redundant because accounting

There are those who suggest that any standard setting body is redundant because accounting

There are those who suggest that any standard setting body is redundant because accounting standards are unnecessary. Other people feel that such standards should be produces, but by the government, so that they are a legal requirement.

 

Required:

Discuss the statement that accounting standards are unnecessary for the purpose of regulating financial statements.

Tripti 05-Dec-2019

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