The focus of accounting regulation is on:

Question

Quizplus · Accepted Answer

The focus of accounting regulation is mainly on improving the quality of reported information. This ensures that the financial statements are accurate, relevant, timely, and reliable, which helps various stakeholders make informed decisions. While mandatory reporting is an essential aspect of accounting regulation, it is not the main focus. Standards overload and underproduction of accounting information are the consequences of poor regulation rather than the focus of it.

The Focus of Accounting Regulation Is On