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Each of the three theories of regulation (Public Interest Theory, Regulatory Capture Theory, dan Private Interest Theory) has its strengths and limitation in describing accounting

Each of the three theories of regulation (Public Interest Theory, Regulatory Capture Theory, dan Private Interest Theory) has its strengths and limitation in describing accounting standard setting, either past or present. What do you believe are those strengths and weaknesses? Provide an example where you believe each of the theories has applied, or is likely to apply

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