QUESTION 2: What is 'creative accounting' and why does it occur? QUESTION 3: Briefly outline some arguments in favour of eliminating the regulation pertaining to financial accounting QUESTION 4: If regulators acted in accordance with predictions provided by the private interest theory of regulation, which assumes that all individuals (including politicians and regulators) are Motivated by their own economic self-interest, what is the likelihood of the introduction of regulations aimed at reducing the problems associated with climate change-particularly if business corporations opposed such regulations