Explain the impact on financial statements of each of the following: (Section 4.5) (a) company law; (b)

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Explain the impact on financial statements of each of the following: (Section 4.5)

(a) company law;

(b) the International Accounting Standards Board; and

(c) the UK tax law.

A4.6 Explain how the monitoring of financial statements is carried out by each of the following: (Section 4.5)

(a) the auditors; and

(b) the Financial Reporting Review Panel.

AppendixLO1

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