What is regulators reasoning

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Why are reporting regulations less for smaller businesses and increases for larger businesses? Discuss why the type of financial reports required, the level of reporting detail, the time orientation the degree of regulation and the range and quality of information provided increases as Kingsla grows? What is regulators reasoning and what are they trying to protect by increasing accounting requirements as a business grows?

If you were the government looking to protect your capital markets, which of the following information qualities of financial reporting would be most important? (The key accounting informational qualities are: relevance/materiality, faithful representation, comparability, verifiability, timeliness, prudence and understandability).

Reference no: EM133265568

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