You have been asked by a senior partner in the accounting firm where you work to brief his very valuable client who is quite

unhappy with the increasing fees from the firm in order to comply with increasing and more complex accounting regulation. The

client is a large multi-national commercial real estate company called "Collies". Your senior partner would like you to provide a brief

overview of why this increase in regulation and its complexity has happened using research and applying your judgement to these

key issues. Mainly, the partner wants you to calm the client down and tell him there is not too much regulation - the partner does

not want to lose the client! However, you are not sure you agree with this so it is your job to reinforce the company view whilst also

providing a balanced, realistic information briefing on (i) the reasons for regulatory increases, (ii) what it means for the firm and the

client, and (iii) the status of the issue moving forward. You must present.