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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 Corporations

Accounting Standards form a vital part of the regulation and administration of companies in

Australia.

REQUIRED

Discuss the connection between accounting standards and the Corporations Act

(7.5 marks)

Discuss the role of the ASIC and AASB in connection with the regulation of

companies in Australia.(7.5 marks)

Important: Answers must refer to cases, legislation, accounting

standards, articles or law reports.

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