Required Tasks: In the body of the assignment, students will have to critically discuss the following issues: 1. Identify and discuss the current regulatory framework or regulations encompassing the preparation of financial statements by reporting entities in Australia. (5 marks) 2 In vauraninion in the Australian financial ranortinnenvironment over vanulated luctifu MALI Required Tasks: In the body of the assignment, students will have to critically discuss the following issues: 1. Identify and discuss the current regulatory framework or regulations encompassing the preparation of financial statements by reporting entities in Australia. (5 marks) 2 In vauraninion in the Australian financial ranortinnenvironment over vanulated luctifu MALI