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  3. 1. discuss the role of the following regulatory fr

1. Discuss the role of the following regulatory framework related to the financial reporting of...

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Accounting

1. Discuss the role of the following regulatory framework related to the financial reporting of the business.

a. GAAP

b. IASB

c. IFRS

2. Why there is a need for regulatory frameworks such as GAAP and IFRS?

3. Discuss the advantages and disadvantages of the regulatory framework in doing financial reporting for the business.

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