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Regulations of Accounting Corporations Project
Accounting and Finance
1 Found helpful • 15 Pages • Essays / Projects • Year: Pre-2021
A project in response to the following points: A) Outline the Australian Corporate Regulatory Framework B) Describe Corporations Act 2001 a. public accountability b. transparency/adequate disclosure c. protecting public interest d. being explicit on matters where ethical dilemmas may arise, e. corporate governance C) Describe provisions and objectives of The Framework for the Preparations and Presentation of Financial Statements. D) Paragraph 24 of AASB framework identifies qualitative characteristics of financial information in general purpose financial reports, use examples to describe 5 of these characteristics. F) Discuss the statement ‘Public companies in Australia are subject to an elaborate system of government regulation which ensures that the community is able to influence their activities’.
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