Much of the discussion in this course relates to regulation of financial accounting and reporting

Topic: Much of the discussion in this course relates to regulation of financial accounting and reporting. You are required to form an opinion on regulation – are you pro-regulation or anti-regulation? Once you have decided which side of this debate you favour, prepare a paper arguing the logic of your position. In other words, your task is to convince the reader of your paper as to the merits of your position in relation to the regulation of financial accounting and reporting. You are not required to provide a balanced discussion of the arguments for and against regulation – you must form an opinion either way and support it. What is not required here is a list of advantages and disadvantages of regulation. You need to construct an argument which supports your position. You need to look for evidence in the research which will support your position. In approaching this assignment consider: Of what does regulation of accounting consist – you need to provide some background, but don’t use up too much of the word count on this. Keep it brief. The work of the researchers – look for instance at the arguments proposed by supporters and opponents of different theories – see how they have supported their positions, sometimes by criticising the opposite perspective. Remember that your argument must be logical. You must present any assumptions you are making and you must be able to defend your conclusion. Don’t try to cover too much – the word count is limited, so you need to provide a succinct argument. I want to support pro-regulation in my paper and support my arguments with any case studies applicable to the topic of the assignment. This assignment is related to an accounting unit.

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