Visit the websites of the IASB (www.ifrs.org), the FASB (www.fasb.org) and the AASB (www.aasb.com.au). Required A. Discuss

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Visit the websites of the IASB (www.ifrs.org), the FASB (www.fasb.org) and the AASB (www.aasb.com.au).

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A. Discuss what influence politics has on the establishment of accounting standards?

B. Examine whether political factors have played a role in the development of accounting standards in Australia, and comment on whether you agree or disagree with the Australian Government’s involvement in the standard-setting process.

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Accounting

ISBN: 978-1118608227

9th edition

Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett

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Question Posted: Jun 24, 2019 11:54 AM

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Visit the websites of the IASB (www.ifrs.org), the FASB (www.fasb.org) and the AASB (www.aasb.com.au). Required A. Discuss

Question:

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A The influence of politics on the standardsetting process from the article appears to be significant The FASB is criticised whether it bends the rule...View the full answer

Accounting

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