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Why Regulate Accountants?

Many people wonder why the idea of regulating accounting is becoming so popular. Due to past experiences with manipulating accounting figures, it is no wonder that accounting has been under so much scrutiny. This is why so many people feel it is time to regulate accounting because so many companies need to follow the rules set forth.

Because of the many adverse incidents that have occurred with different scandals and schemes, there has been much mistrust from the public in the accounting field. Regulating accounting will give confidence back to the public. Here are some benefits that will arise when we set higher standards to regulate accounting.

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