Salomon v Salomon & Co Ltd (1897) AC 22 recognised the legal principle that a company is a separate legal entity. REQUIRED . . Discuss Salomon v Salomon & Co Ltd (1897) AC 22 case and the meaning of the legal principle "Separate Legal Entity". (7.5 marks) Consider how the legal principle "Separate Legal Entity" impacts on outsiders dealing with the company. Consider what steps outsiders should take prior to engaging with an unrelated company. (7.5 marks) Part B Companies in Australia are regulated by several organisations and regulators. These regulators impact on day-to-day operations of companies. REQUIRED . Consider two regulating bodies and expand on their role in the regulation of companies. (7.5 marks) Discuss the role of accounting standards in assisting with the regulation of companies in Australia. (7.5 marks) . Important: Answers must refer to cases, legislation, accounting standards, articles or law reports