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1. 2. 3. Read the journal article in Accounting Horizon, June 1998. Briefly describe the economic reforms that led to the need for increased

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1. 2. 3. Read the journal article in Accounting Horizon, June 1998. Briefly describe the economic reforms that led to the need for increased external financial reporting in China. (maximum 500 words) (20 marks' Conformity with International Financial Reporting Standards was specified as an overriding objective in formulating China's accounting standards. What is the author's opinion of this objective? (maximum 500

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