Page 73 - F1 Integrated Workbook STUDENT 2018

Chapter 4

The regulatory environment

Outcome

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

 explain the need for regulation of financial reporting information

 explain key elements of the regulatory environment for financial reporting

 explain the difference between a rules based approach and a principles based
approach to financial reporting regulation

 explain the roles and structures of key regulatory bodies

 explain the scope of IFRS and how they are developed

and answer questions relating to these areas.

The underpinning detail for this chapter in your Integrated Workbook can
be found in Chapter 4 your Study Text

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