In: Accounting
NOTE: MUST BE CLOSE TO 2000 WORDS
According to McLeay (1999), ‘In general, financial reporting regulation emanates from legislation, often in conjunction with self imposed standards issued by private sector institutions’.
McLeay S. (1999) Accounting Regulation in Europe. In: McLeay S. (eds) Accounting Regulation in Europe. Palgrave Macmillan, London
Required:
Evaluate the need for accounting regulation in the modern world.