Part A: (4 marks): Explain in your own words why, unlike financial accounting, management accounting does not need to be regulated by a regulating agency (such as AASB)?

Part B: (4 Marks) If Management is not regulated, which codes of conduct (as stated in the prescribed textbook) keep management accountants actions/decisions on track for the benefit of stakeholders, and how? Reference at least one relevant/applicable scholarly research article in your response (give details of the reference at the end of your assignment).