Unit 10 - MSP helpp!!

yumyum Registered Posts: 5 New contributor 🐸
Hi All, i have nearly completed my MSP project and the only thing outstanding is the background knowledge questions.

I am a bit unsure of the meaning of this and be grateful if someone can help explain what this means.

1) Identify the major external regulations affecting accounting practice.



  • sloshed
    sloshed Registered Posts: 100 Dedicated contributor 🦉
    Not sure if tis what you are looking for as it was a couple of years ago that I did my unit 10 but the external regulations that come to mind are:-

    Money Laundering Regulations.

    Practise rules and guidlines issued by their governing body (ICAEW)

    Accounting standards
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