How do the government and the New Zealand Institute of Chartered Accountants (NZICA)influence the business environment? Do you think such influence is necessary? Why?

Question

Quizplus · Accepted Answer

The Answer is The government,through a number of Acts,Regulations and Standards (via the External Reporting Board (XRB)),affects how businesses can operate.NZICA provides input in the development of Accounting Standards and its members are involved in a variety of activities in businesses,including ensuring compliance with Standards.Such influences are necessary because they are there to protect the public from unfair practices.

How Do the Government and the New Zealand Institute of Chartered