Question: Describe the three main elements that comprise the financial reporting regulatory framework in the UK. Explain how this regulatory framework differs in role and content

Describe the three main elements that comprise the financial reporting regulatory framework in the UK. Explain how this regulatory framework differs in role and content from the IASB’s (2018) Conceptual Framework for Financial Reporting and how both frameworks work together to help improve financial reporting. Your response should also include some evaluative / critical comment on the frameworks.

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