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According to McLeay (1999), In general, financial reporting regulation emanates from legislation, often in conjunction with self imposed standards issued by private sector institutions. McLeay

According to McLeay (1999), ‘In general, financial reporting regulation emanates from legislation, often in conjunction with self imposed standards issued by private sector institutions’.
McLeay S. (1999) Accounting Regulation in Europe. In: McLeay S. (eds) Accounting Regulation in Europe. Palgrave Macmillan, London

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Evaluate the need for accounting regulation in the modern world.
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