W1 Day1 Regulatory Framework and Governance

1. Explain the need for regulation in financial reporting. 2. Identify the key regulatory bodies involved in financial reporting, including the IFRS Foundation, IASB, ISSB, and IFRIC. 3. Describe the role of IFRS Accounting Standards and explain how they are developed. 4. Explain the role of governance and directors’ duties in preparing and presenting financial reports.