regulatory environment of accounting

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  • Hello! I'm here to Explain the regulatory environment of the accounting profession.
  • There have been many changes to the regulatory environment for the accountancy profession in recent years for accountants
  • professional accountancy organizations and governments seek to ensure that the accounting continues to deliver high-quality services and contributes to economic growth 
  • This is important because the accounting profession provides an important public service, it serves and acts in the public interest. 
  • If we didn't have a regulatory environment for the accounting process then it would be a disaster, unorganized, and there would be a lot of fraud
  • I hope i've taught you the importance of the regulatory environment of the accounting profession.
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