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Chapter 2

The regulatory framework

Outcome

By the end of this session you should be able to:

 understand the role of the financial reporting regulatory system

 understand the role of International Financial Reporting Standards (IFRS
Standards)

 explain what is meant by corporate governance

 describe the duties and responsibilities of company directors

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Notes can be found in
Chapter 2 of your Study Text

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