(a) Discuss the different sources of financial reporting
regulations. Critically evaluate
the arguments in favour of, and, the arguments against the
regulation of
financial reporting. 15 marks
(b) Critically evaluate what qualitative characteristics accounting
information should
possess, in order to make it useful for decision making?
[10 marks]
(c) Mancy plc
In preparation for the audit of the mancy plc, for the year ended
31 March
2020, the Finance Director has asked you to prepare a report
setting out the
accounting...