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a) Accounting needs to be regulated. Do you agree? Discuss by providing at least TWO (2) reasons. (5 marks) b) Explain how companies' corporate governance

a) Accounting needs to be regulated. Do you agree? Discuss by providing at least TWO (2) reasons. (5 marks) b) Explain how companies' corporate governance assist in promoting transparent and faithful representation of financial statement? (6 marks) c) Accounting standards setting is a political process. Discuss. (4 marks)

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