accounting legal side

Question 1

regulatory body

Answer 1

Companies house in the uk regulates various entities ensuring that financial statements are accurate

Question 2

company legislation ( companies act)

Answer 2

Companies act in the uk is a legislation that requires firms to be true and fair ( accounts have to be submitted to them

Question 3

self regulations

Answer 3

Association of chartered certified accoutnnats in the uk is Non government bodies witch have the power to create and enforce regulations and stamdsrtds

Question 4

IASB

Answer 4

Internernational accounting standards board is a body witch developes and aproroved international financial reporting standrsts

Question 5

IFRS

Answer 5

Intenratioanl fiancnail reporting standards are a set of accounting rules for financial statements for public companies