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Explain IAS 1 as used in accounting . Evaluate the relevance of the regulatory framework in the preparation of financial reports. Examine the reasons as

  1. Explain IAS 1 as used in accounting.
  2. Evaluate the relevance of the regulatory framework in the preparation of financial reports.
  3. Examine the reasons as to why financial reports may fail to meet their objectives.
  4. With examples, describe the main attributes of good accounting information.

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