Arguments to support the “politicization” of accounting rule-making
a) Increasing politicization (as the term is used in the broad sense) of accounting standard- Committee of Accounting Procedures (CAP) : it was entrusted with the task of setting accounting standards .On paper it was required to rationalize the reporting of Business performance .But due to its private organizing body lately it started formulation of […]
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Date: February 26th, 2015