a. Outline the objectives and achievements of the EU in the area of financial reporting. b. Outline

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a. Outline the objectives and achievements of the EU in the area of financial reporting.

b. Outline the objectives and achievements of the IASB and its predecessor in the area of financial reporting.

c. Do your answers to (a) and (b) suggest movement in the same direction: (i) in the 1980s and (ii) now?

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