a)

What are the needs of the stakeholder groups identified in the

International (IASB) Conceptual Framework?

b)

Does the Framework address the needs of all stakeholder groups or

a few influential ones?

c)

Can Public Interest Theory or Private Interest Theory explain the

regulation of accounting using International Financial Reporting

Standards (IFRS)?

d)

Give reasons why IFRS might not be the best approach for domestic

use by reporting entities in all countries.