Refer to the article by Chalmers, Godfrey & Lynch (2012) and answer the following questions: Link below

1. Based on this article, is it possible that public and private interests will produce contradictory outcomes? Briefly explain.

2. The authors argue that there are several potential regulatees of GPWA (general purpose water accounting). On what basis do the authors argue that the Bureau of Metereology (BOM) and the accounting profession may display actions that support regulatory capture theory?

Link:

https://www.researchgate.net/publication/235270875_Regulatory_Theory_Insights_into_the_Past_Present_and_Future_of_General_Purpose_Water_Accounting_Standard_Setting