A)Identify and discuss the current regulatory framework or regulations encompassing the preparation of financial statements by reporting
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Question:
A)Identify and discuss the current regulatory framework or regulations encompassing the preparation of financial statements by reporting entities in Australia. ( 5 marks)
B) In your opinion, is the Australian financial reporting environment over regulated? Justify your answer. [Hint: Cite relevant literature source(s) to back up your answer]. (5 marks)
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