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(a) Critically evaluate the importance of ethics in the financial reporting given the fact that integrity and professionalism are the fundamental core values of an

(a) Critically evaluate the importance of ethics in the financial reporting given the fact that integrity and professionalism are the fundamental core values of an accountant.

(10 marks)

(b) Critically discuss the problems and features of ethical financial reporting and provide some suggestions to safeguard the ethics in financial reporting.

(15 marks)

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