I am currently doing my level 4 internal control and accounting systems report but need help
Wootten01
Registered Posts: 3
1.5 Explain the effect on users of changes to accounting systems caused by:
External regulations
Organisations policies and procedures
External regulations
Organisations policies and procedures
0
Comments
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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
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
5 - Why the company needs to comply?
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Thank you so much for the help it is very much appreciated.0
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