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FINANCIAL ACCOUNTABILITY AND REPORTING – PRACTISE SET SIM SEM 1 2014 SESSION ONE HOMEWORK QUESTIONS QUESTION 1 Explain the roles of the Australian Securities Investment Commission ,and the Australian Accounting Standards Board (AASB), in regulating financial reporting by Australian entities, and describe the relationship between these regulatory bodies. (max 100 words) QUESTION 2 Describe two reasons why large companies are required by the Corporations Act to
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