IFAC guidance on regulatory models for accounting.

The International Federation of Accountants has released new guidlines--"Making Regulation Work: Principles and Models for the Accountancy Profession"-to help professional accounting organizations handle the ongoing evolution of accounting regulations.

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The guidelines dive into the scope of accounting regulation and its purpose, and lays out some key principles. The goal is to help professional membership groups for accountants around the world interact more effectively with stakeholders like governments and regulators...