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1.Describe the global financial markets and their relation to financial reporting. 2.Explain the objective of financial reporting. 3.Identify the major policy-setting bodies and their role

1.Describe the global financial markets and their relation to financial reporting.

2.Explain the objective of financial reporting.

3.Identify the major policy-setting bodies and their role in the standard-setting process.

4.Discuss the challenges facing financial reporting.

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