Question: (a) State and explain the four enhancing qualitative characteristics for decision useful information according to the conceptual Framework. (8 marks) (b) Drawing from agency theory,

(a) State and explain the four enhancing qualitative characteristics for decision useful information according to the conceptual Framework. (8 marks) (b) Drawing from agency theory, discuss the need for financial reporting in the modern dynamic world. (12 marks) (Total 20 marks) (Note: The Maximum word count for question 3 is 600 words)

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