Q part A - illustrage all the three committee and the matters these concerns (given) with proper and clear example. like the acturial , standard setting and policy questions , disciplinary functions etc.

Question part B - please illustrate immatarial error or frauds which cant be detected by the accounting standards , financial reporting regulations and even by auditors sometimes.

Q part c - How accounting legislation differs from accounting standards.

Q part D - What are standlone and consolidated statements. I remember i was just going through Tatamotors financial statements and there was the two columns in profit and loss A/C - Consolidated and standalone. and also i want to know do subsideries of a company with difderent name and brand prepare financial standerds and reports seprately or together. if together then how we would know performance of subsideries.

4.3 Regulation within the UK Accounting standards in the UK are written by the FRC (Financial Reporting Council). The FRC and its subsidiaries play crucial roles in the oversight and development of corporate governance standards in the UK, such as the UK Corporate Governance Code and standards for the accounting industry. The FRC board is supported by three committees The Codes and Standards Committee The Executive Committee The Conduct Committee The Codes and Standards Committee advise the FRC Board on matters relating to codes, standard-setting and policy questions, through its Accounting, Actuarial and Audit & Assurance Councils (formerly Audit Practices Board). The Executive Committee will support the Board by advising on strategic issues and providing day-to-day oversight of the work of the FRC. The Conduct Committee advise the FRC Board on matters relating to conduct activities to promote high-quality corporate reporting, including monitoring, oversight, investigative and disciplinary functions, through its Monitoring Committee and Case Management Committee