Which among the following are the reasons why regulation of the accounting profession is essential? i. Regulations address the knowledge imbalance between the provider and purchaser of professional service. ii. Regulations ensure that accounting services are of the right quality. iii. Regulations ensure that the cost benefits to these third parties are taken into account. a. i and ii b. i, ii, and iii c. i and iii d. ii and iii
Which among the following are the reasons why regulation of the accounting profession is essential? i. Regulations address the knowledge imbalance between the provider and purchaser of professional service. ii. Regulations ensure that accounting services are of the right quality. iii. Regulations ensure that the cost benefits to these third parties are taken into account. a. i and ii b. i, ii, and iii c. i and iii d. ii and iii
Chapter1: Accounting As A Tool For Managers
Section: Chapter Questions
Problem 10MC: Which of the following statements is incorrect? The practice of management accounting is fairly...
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Which among the following are the reasons why regulation of the accounting profession is essential?
i. Regulations address the knowledge imbalance between the provider and purchaser of professional service.
ii. Regulations ensure that accounting services are of the right quality.
iii. Regulations ensure that the cost benefits to these third parties are taken into account.
a.
i and ii
b.
i, ii, and iii
c.
i and iii
d.
ii and iii
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