Explain in as much detail as possible.

- In the absence of regulation, organizations have an incentive to provide credible information about their operations and performance to certain parties. Do you agree with this statement, please explain? - Some people believe that Conceptual Framework is acceptable in theory but not in practice. Do you agree with this statement, please explain? - Is it realistic to assume, in relation to 'public interest theory' that regulators will not be driven by their own self-interest when designing regulations? - If an accounting standard-setter deems that a accounting standard is likely to adversely affect some preparers of nancial statements, what do you think they should do ? Explain three possibilities of theories related to this case