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(a) Discuss the benefits of adopting IFRS in Australia. (b) Why would accounting scandals occur less frequently with global accounting standards? (c) With reference to

(a) Discuss the benefits of adopting IFRS in Australia.

(b) Why would accounting scandals occur less frequently with global accounting standards?

(c) With reference to the Illustrative Water Accounting Reports for Australian Water Accounting Standard 1, discuss FOUR aspects of water being reported on.

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