TASK TWO "The main objective of non-trading concerns is to provide goods or services that fulfill a social need. There is neither a profit motive nor an expectation of earning net income" Compare and contrast a trading concern with a non-trading concern. TASK THREE [10 MARKS] "Inaccurate financial reporting caused by the unethical or deceptive practices of a company's accountants can lead to loss of revenue through an exposed accounting scandal, or worse, corporate collapse." In the light of the above statement, describe in details with the help of appropriate examples, how the IASB framework sets out the qualities required to make information useful to all users of financial statements [10 MARKS]