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How do you react to your auditor friend statement

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Reference no: EM132863454

Question - As an auditor, you frequently discuss new financial reporting standards with other auditors. Recently, one of your auditor friends pointed out how the International Accounting Standards Board is doing a great job ensuring that society's best interests are respected. Because of your passion for regulation, you have developed a solid background in regulatory theories. Based on your background, how do you react to your auditor friend's statement?

Reference no: EM132863454

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