I am currently doing my level 4 internal control and accounting systems report but need help

Wootten01

1.5 Explain the effect on users of changes to accounting systems caused by:
External regulations
Organisations policies and procedures

Zoynal98

External Regulations
What external regulations does the company have to adhere to?
Things to include:

• Why the company needs to comply?
  

• What it means to the company?
  

• Consider what would happen if the company does not comply
  

Organisations policies and procedures
Things to include:

• Company Act 2006; they set rules and regulations for companies
  

• International Accounting Standards Board (Accounting Regulations) also Financial Reporting standards, the company will need to adhere to these when producing their Financial Statements
  

• Other legislation such as Environmental legislation
  

Hope this helps.

Wootten01

Thank you so much for the help it is very much appreciated.