![]() Lisa: Financialization describes the increase of influence financial markets gain overĮconomic policy and economic outcomes. (i) How has financialisation influenced accounting regulation and practice? These rules can be hard laws on a local or national level as well as Reporting system is regulated by the adopted and implemented reporting standardsĪnd rules. The information flowing between these actors in the financial Between these actors flowsįinancial information (financial data in form of reports either actual financial reports Management and board as well as internal and external auditors, the jurisdicationĪnd other regulating authorities such as the IASB. This includes a firm’s shareholders, accountants, Lisa: The financial reporting system is made up of all the actors and institutions in What are the limitations of our diagram? (5 minutes) Play a significant part in regulating, processing and using information fromīusiness organizations.
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