Nature of Accounting Regulation star schema increasingly like network organizations

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Nature of Accounting Regulation star schema increasingly like network organizationsAccounting standards are an essential element in the regulation of current financial reporting. Standard setters promulgate such standards, and companies and professional accountants follow them in preparing financial reports. Although much has been written about the history of standard setting, the conceptual underpinnings of accounting standards, the process of setting them, and whether such standards should be rules based or principles based, there