BT

Syllabus C3. Principles of law and regulation governing accounting and audit 3 / 9

a) Explain basic legal requirements in relation to retaining and submitting proper records and preparing and auditing financial reports
b) Explain the broad consequences of failing to comply with the legal requirements for maintaining and filing accounting records
c) Explain how the international accountancy profession regulates itself through the establishment of reporting standards and their monitoring
Principles of law and regulation governing accounting and audit