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You are a recent accounting graduate and have joined a small company. The management of the company argue that both accounting standards and corporate governance
You are a recent accounting graduate and have joined a small company. The management of the company argue that both accounting standards and corporate governance requirements are too costly and onerous and should be restricted to the large 'top' companies only.
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a)Do you think that accounting standards should apply to smaller companies? Do you think good financial reporting add value to organisations? Provide examples to support your arguments.
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