a. We have discussesed Public Interest Theory and Interest Group Theory of Regulations. We also know that accounting standard regulation agencies currently suggest Interest Group Theory of regulation is a better predictor of new standards. Do you agree with the regulation agencies? (10 marks) (Your answer need to be structured and covering the following topics: social benefits and cost of Information; Coase theorem and externality and free riding problem, current riteria for standard setting, other topics you think may apply.)