Question: Team Briefing Note 1. Critically evaluate the development of accounting regulation from the early 20th century until now and apply your understanding to the contemporary

Team Briefing Note

1. Critically evaluate the development of accounting regulation from the early 20th century until now and apply your understanding to the contemporary issues that are facing the accounting profession in the scenario.

2. The scenario identifies a significant increase in regulation as a result of the proposed changes, critically evaluate the potential impacts of financial accounting regulation on various groups of society both in Australia and internationally.

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