3: What assumptions are made about the motivations of regulators in the following theories? (a) public interest theory (b) capture theory (c) economic interest theory.

4: Accounting headline 3.9 (IAS dawns for local firms) explains how European banks were able to lobby the European Union (EU) to obtain a watered-down version of the accounting standard IAS 39. Identify TWO theories from QUESTION 3 (above) and use each theory to explain the EU decision. 

Answer rating: 100% (QA)

The IAS Regulation lays down the procedure for making International Financial Reporting Standards IFRS formerly known as International Accounting Standards IAS mandatory under Community Law Only those ... View the full answer