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Accounting standards form a vital part of the regulation and administration of companies in Australia. Required: Discuss the connection between accounting standards and the corporation

Accounting standards form a vital part of the regulation and administration of companies in Australia.

Required:

  • Discuss the connection between accounting standards and the corporation act.
  • Discuss the role of ASIC and AASB in connection with the regulation of companies in Australia.

Important: Answers must refer to cases, legislation, accounting standards, articles or law reports.

you can refer the book Australian Corporate Law 6th edition by Jason harris, Anil hargovan, Michael adams (Published by LexisNexis Butterworths)

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