Evolution And Evolution Of Evolution - 1054 Words

Evolution is something that can be taken into different meanings, from the way you live. Some people can accept evolution and some can’t. The meaning of evolution is the way a different animal or species came to be, and how they are linked to a different of species that all share a common ancestor (an introduction to evolution). There is a lot of evidence to shows that evolution is can be proven like DNA Sequences, Fossil Records, Cladograms, and analogous/homologous structures, because there are so many ways to prove that there is evidence for evolution, but I m only going to discuss four of them. One evidence that can back up evolution is DNA Sequences. DNA Sequences can show the similarities that two different species share (genetic similarities: Wilson). You can look at DNA sequences from different animals to see if there is a common link between the two. DNA sequences play a very important role in evolution. It gives a large amount of evidence of evolution by showing th at living species share something in common with the basic hereditary (evolution of DNA). With us being able to see that some species share a common link with an ancestor, we can pair them up with species that have the most common links together to the ones that only have a few links in common (evolution of DNA). Ever since we discovered DNA it has helped supported the theory of evolution, it also has helped scientist predict where evolution will happen in the future.Show MoreRelatedEvolution And Evolution Of Evolution957 Words   |  4 Pagesthe theory of evolution. To understand why the teaching of evolution in school is important, it’s important to understand what it is, how it works, and how we benefit from its evolutionary history. Evolution is the steady development of different kinds of living organisms that have diversified from earlier forms throughout the generations. Without evolution, biology wouldn’t make sense because evolution is its key principle that connects and explains many facets of life. Evolution is a very importantRead MoreEvolution And Evolution Of Evolution1333 Words   |  6 PagesWhat is Evolution? Evolution is the modification of characteristics of living organisms over generations (StrangeScience.net, 2015); it is the gradual process of development by which the present diversity of living organisms arose from the earliest forms of life, which is believed to have been ongoing for at least the past 3000 million years (Hine, 2004). Common ancestry are groups of living organisms that share the most recent common ancestor, by which scientific evidence proves that all life onRead MoreEvolution And Evolution Of Evolution1337 Words   |  6 Pagesvarious subfields within Anthropology to adapt to the human species. Evolution would be defined as when â€Å"something† can develop from something that is simplistic to something that can adapt to the world around it and is more complex. All human beings in past and present as well as all living organisms have been part of a process of Evolution. Evolution can be viewed as adaptations, as well as growing to better advancment, evolution has taken ahold of all species throughout history. It is human natureRead MoreEvolution And Evolution Of Evolution1328 Words   |  6 PagesWhat is the theory of evolution? Many people who don’t understand science or Biology don’t know how to answer this question. â€Å"Evolution is the process of biological change by which descendants come to differ from their ancestors.† In our society today, there is many conflicts that exist between creationism which is the belief that a higher power created the Earth and made living things and the theory of evolution. Some people are debating whether to teach evolution in schools because theRead MoreEvolution And Evolution Of Evolution884 Words   |  4 Pages Evolution Evolution, a change in the genetic makeup of a subgroup, or population, of a species (Nowicki 10). Every living thing in the world is capable of evolving into something. Cells evolve to perform different tasks and to become stronger. Charles Darwin is the founder of evolution, he realized that species change over time to ensure survival. The future of evolution can not be predicted. Everything in our universe starts out as a single celled organism. All life traces back to three billionRead MoreEvolution And Evolution Of Evolution1079 Words   |  5 PagesEver wondered when the course of humans began or better yet if people started the way that they are? Modern humans started 200,000 years ago, but were not alway like this. The process of evolution brought us to humans. According to Evolution: The Human Story, evolution is the process by which organisms change over the course of generations. It is also compelling because ancestors can give rise to other relatives or descendants. Archeologists now know that not only humans evolved because paleontologistsRead MoreEvolution Of Evolution And Evolution2000 Words   |  8 Pages Title: Evolution Author: Annette Gonzalez December 9, 2014 Abstract: This paper will cover the topic of evolution of organisms. Evolution is the process of constant change from a lower, more simple to better, complex state (Merriam-Webster, 2014). In this essay, there are different philosophies that support the idea of evolution. For instance, there is anatomical, homology, natural selection evidence. This ideas will be explained in more detail in the body of the paperRead MoreEvolution And Evolution Of Evolution2356 Words   |  10 Pagesideology, people have started to think logically and science has come a long way. It is now believed that evolution has resulted in the changes on planet Earth and human kind was not just simply created by a ‘God’. What is evolution? What was Charles Darwin’s contribution to ideas about evolution? Biological evolution is the descent of organisms with modifications. Simply, the central idea of evolution is that all life forms which exist as of now or had existed share a common ancestor. This theory firstRead MoreEvolution And Evolution Of Evolution983 Words   |  4 PagesMost things in science all eventually lead back to one thing, evolution. Evolution has been an interesting topic since mankind could wrap its mind around the concept. Whether one believes in it or not, it is hard to deny the cold hard facts that back up how every being has changed from its original form of life. From plants to humans, everything has adapted and evolved to be able to adjust to climate changes, habitats disappearing, and new predators. All it takes is for one mutated gene to get aRead MoreEvolution And Evolution Of Evolution1154 Words   |  5 Pages EVOLUTION Evolution is a scientific theory that was first introduced in the mid 1800’s and it refers to the biological changes that take place within a population of a specific species over the course of many generations. This theory was one of the most scientifically groundbreaking discoveries of our time, and since its discovery, scientists have been working hard to find more and more evidence on the subject. Although there is much controversy on the subject of evolution, it is hard to ignore

This Cody Free Essays

â€Å"This Cody† Comparison Essay â€Å"What I wanted, I know now, was just to say our son’s name out loud. The crisp â€Å"c† and the rolling â€Å"o† and the slight flick of the tongue for the â€Å"dy†Ã¢â‚¬  (Anderson 5). This quote comes from the story â€Å"This Cody† by Lauri Anderson. We will write a custom essay sample on This Cody or any similar topic only for you Order Now It states how the narrator misses being able to say her sons name for he died not too long ago because he was kidnapped in a park. The husband feels as though his wife is a shame to him and she believes that the reason he does not look at her the same anymore is because the son looked exactly like her. Every time he looks at her face he sees his son and misses him so much. Although the author talks about many different types of scenes that the wife talks about in this story, Lauri Anderson portrays the narrator as a static character. I say she is a fixed character because her beliefs stay the same throughout the entire passage. For instance, she thinks the dam is going to break constantly, she thinks her husband does not love her anymore because it was her fault for their son dying and also she tells the cops three bold face lies about her son. The narrator has dreams about the dam breaking throughout the entire short story. In these dreams, the author has the narrator use imagery to describe her dreams and how intense they were. For example, â€Å"I have dreams about it. They all start the same way. We wake to water two inches deep and the dogs whining, backed into their corners. All night we sweep the water out, but by morning, we’re wading waist-deep in the cold, fishless shallows, filling our buckets† (Anderson 4). The river that used to go through their neighborhood is not being stopped by the dam and the wife gives the river and the dam human characteristics, which is personification, and says that the river is mad and wants to destroy everything that is now in its path. â€Å"What I have learned is that when the river returns, it won’t be the same river. All that time pushing against a wall will make you desperate. All that time, you won’t care about this tidy home or that. If you are the river, you will say, show me a thing I can’t destroy, and if you are the dam, and you are tired of pushing back, you will secretly want to let go† (Anderson 6-7). The narrator also says â€Å"Sometimes I can hear a humming that seems to come from two places at once: from far down the creek and also somewhere inside me, as if the dam is as much aware of me as I am of it. As if I need only to step onto the porch and open my arms† (12). This is an example of personification. The wife thinks that the dam knows as much about her as she knows about the dam. She thinks that the dam is going to spill all of her secrets and make everything worse than what it is now between her husband and herself. The dam is also an example of a symbol because it represents the relationship between the wife and the husband. â€Å"The dam is holding back every drop it was built to contain. Its concrete walls are eight feet thick. It is designed to collapse in and not out† (Anderson 16). All of the lies that she told the police and her husband are hidden behind the dam and the moment that the dam breaks is the moment when the entire world will know that she was selfish. â€Å"I told myself that he was fine, the park was safe. I told myself I deserved a few minutes alone with the sun and with the trees moving overhead† (Anderson 16). She was selfish in thinking that she needed time to rest her eyes in a public place instead of looking out for where her son was and knowing exactly where he was. Instead of thinking he is just in one of his hiding places or sitting on the ground right in front of her, she should have been going everywhere that he went. The wife’s husband did not start getting mad at her and being disgusted with her presence until their son died. The wife lied to the cops three times when their son died so that the blame was not on her and the husband would not leave her. On the day I lost our son, I told three lies. First, I said he had only been missing for fifteen minutes, when it was really more like an hour. Fifteen minutes still sounded hopeful, I thought† (Anderson 6). She thought that the lie would make herself feel better and it did for a while but she eventually started feeling bad about lying to the cops about something that was her fault. â€Å"The second lie I told on that day I lost my son was about a hat. I told the detective he was wearing one-a blue baseball cap with an orange fish on the front. I said this because it was a hot day, nearly ninety degrees in the city, and when we arrived at the park, I saw all of the kids were wearing hats and even tiny pairs of glasses† (Anderson 10-11). The wife did not want to seem like a bad mother because she lost her own son, although later it would be established that she was, so she lied to the cops about her own son wearing a hat and watched the man write it down on his notepad without even flinching or showing regret on her face. There were a number of things that the narrator confesses to the audience about what she did not tell the cops at the end of the story. I’ve never said that I leaned my head back and closed my eyes. I’ve never said that that I’d forgotten my sunglasses, and that the sun threw dappled shadows on my eyelids. No one knows that for maybe half an hour before I faded into sleep, I listened to my son playing nearby with another child, the sound like birds chasing each other in the treesà ¢â‚¬  (Anderson 15). This quote is an example of dramatic irony in that the husband does not know that it was the wife’s fault for their son being kidnapped. We the audience knows that she was the reason that her son was stolen at a park and kidnapped and had God know what done to him. The narrator also uses imagery to show how much the husband changed the way he looked and how different and difficult her life is now that their son died. â€Å"Some days I don’t recognize him. He’s grown out his beard, and the paunch I so lovingly stroked is now all muscle, his abdominals like flat stones stacked atop one another† (Anderson 4). The narrator’s husband changed the way he looked after the death. â€Å"I’m different two. Our dogs, two purebred Heelers Brian insisted we buy to go with our new life, won’t come when I call. The chickens peck my head when I reach for the eggs. The garden dies all at once, overnight. Last night, I found a scorpion on my pillow, his dancer’s arms poised to strike† (Anderson 4). This quote states how much the place that she is living now does not like her and she feels as though they are all out to get her, including her own husband. The author of the story â€Å"This Cody†, Lauri Anderson, uses different types of figurative language and imagery to portray the narrator as a static character. The wife is constantly thinking that the dam is going to break and all of her secrets will be revealed to her husband and the rest of the world and she everyone would know how bad of a mother she is. Throughout the story the narrator believes that her husband does not love her anymore because he blames her for his son’s death. He can not stand to look at her for their son looked exactly like her and every time he looks at her he sees his dead son. Also she continuously tells lies to the police and her husband about their son and what really happened that day at the park when he went missing. Works Cited Anderson, Lauri. â€Å"This Cody. † The Greensboro Review. 91. Spring (2012) : 4-16. Print. How to cite This Cody, Essay examples

Financial Reporting Of Australia And UK †MyAssignmenthelp.com

accounting Question: Discuss about the Financial Reporting Of Australia And UK. Answer: Introduction This report takes an honest attempt towards the analysis of the regulatory framework for financial reporting of two countries. It can be seen that most of the developed countries all over the world have their own regulatory framework for financial reporting. For this report, the regulatory framework for financial reporting of Australia and United Kingdom is taken into consideration. There are two major parts of this report. The aim of the first part is to analyse and evaluate the necessary factors related to the financial reporting of the selected countries. The aim of the second part of this report is to make analysis of the selected financial reporting environment of the selected countries by relating Regulatory Capture Theory. Lastly, the conclusion will be developed with the help of a critical analysis on these selected financial regulatory environments for getting the idea of the extent of capture. Analysis of the Regulatory Framework for Financial Reporting Framework of Australia and United Kingdom Australia Australian Accounting Standard Board (AASB) is an Australian government agency responsible for the development of the necessary standards and principles for financial reporting (aasb.gov.au, 2018). Problems: Specific issue can be seen in the standard setting process of AASB. The example of a specific issue in Australian financial reporting system is the concern related with relevance and reliability of financial information in the financial statements of the companies. In addition, another perceived problems is related with the reduction of cost of the process of financial reporting. It needs to be mentioned that AASB is currently working on specific projects to address these problems (aasb.gov.au, 2018). How it works: As per the earlier discussion, AASB is the major decision maker in the financial reporting framework of Australia. The main responsibility of AASB is to develop issue and maintain financial reporting standards. It needs to be mentioned that AASB operates under Australian Securities and Investments Commission Act 2001 (rba.gov.au, 2018). The Australian Securities and Investments Commission, commonly known as ASIC, is another major part of the financial reporting regularity environment of Australia. The major responsibility of ASIC is to maintain the market integrity and to protect the customers from various frauds in the financial system. Another major part is the Australian Prudential Regulation Authority (APRA) and it is responsible for the deposit taking institutes. In this context, the name of the Reserve Bank of Australia needs to be mentioned as it is responsible for the development of monetary policy and to bring stability in the Australian financial system (rba.g ov.au, 2018). Progress Towards adoption IFRS: In the year 2005, 1 January, Australia adopted the standards of International Financial Reporting Standard (IFRS). Over the years, major progress in the adoption of IFRS by Australia can be observed. Smoothness can be seen in the transition process of IFRS by Australia. Major success can be seen in the application of IFRS standards for the financial reporting of not-for-profit Australian companies (iasplus.com, 2018). However, there is a need for further modification in the areas of quality and cost efficiency of financial reporting. Most importantly, with the adoption of IFRS across all the sectors, the users and developers have become able to move between sectors and countries with enough skills and knowledge (iasplus.com, 2018). In the recent years, one major project of AASB related to IFRS is to review the adoption of IFRS reporting standards by Australia. The main aim of this review program is the strategy of AASB to modify the standards of IFRS f or the financial reporting of not-for-profit business entities. Moreover, another aim is to bring simplification and clarification in the process of financial reporting (iasplus.com, 2018). United Kingdom (UK) Problems: The presence of some specific problems can in the financial reporting regulatory environment of UK. The financial reporting standard of UK has witnessed major problems on how to respond to the major development of IFRS (icaew.com, 2018). It needs to be mentioned that the companies of UK have to incur high cost along with major complexities in the adoption of the standards and principles of IFRS. This is the greatest problem faced by UK financial reporting regulatory environment. Apart from this, the UK financial reporting standard has been facing major issues related with the specific reporting needs for the charities (icaew.com, 2018). These are the major problems. How It Works: In the financial reporting regulatory environment of UK, the presence of two financial reporting frameworks can be seen. They are IFRS; and UK and Ireland GAAP (Generally AcceptedAccounting Principles). It is required for the public listed companies of UK to adopt the standards and principles of IFRS in order to prepare the financial reports of their group (frc.org.uk, 2018). However, the companies also have the option to select between IFRS and UK and Ireland GAAP in order to prepare the financial reports of their individual parent companies. In this context, FRS 100 Application of Financial Reporting Requirements provides the whole framework of financial reporting. The major legislative requirements of UK financial reporting are FRS 102 (frc.org.uk, 2018). The Financial Reporting Standard applicable in the UK and Republic of Ireland, FRS 101 Reduced Disclosure Framework and FRS 105 the Financial Reporting Standard applicable to the Micro-entities Regime (frc.org.uk, 2 018). Progress towards Adopting IFRS: It can be observed that IFRS has been the part of the financial reporting regulatory environment of UK since 2005 as per the EC regulation. Over these years, major progress can be observed in the adopting of IFRS by UK (aasb.gov.au, 2018). As per IFRS standards, it is required for all the domestic companies of UK trading their securities in the regulated market are required to use IFRS standards for financial reporting as per EU. It implies that these companies are required to comply with the standards of IFRS for the preparation of their financial statements. However, exception can be seen in case of foreign companies. In case of SMEs, they have the option to use the standards of IFRS with some further modifications (aasb.gov.au, 2018). Based on the above discussion, it can be observed that both Australia and UK uses different standards for the purpose of their financial reporting as Australia follow AASB and UK follows UK and Ireland GAAP (frc.org.uk, 2018). However, it can be observed that both the countries have done major progress towards adopting the standards and principles of IFRA. In the presence of IFRS standards and principles, it has become possible for establishing accurate process of financial reporting for the companies. Analysis of the Selected Environments in Relation to Regulatory Capture Theory Regulatory Capture Theory: In the year 1971, George Strigler introduced this Regulatory Capture Theory (Carpenter Moss, 2013). This particular theory states that a firm or an industry can become beneficial from different relevant legislations if they capture the related regulatory body. According to this theory, manipulations are done in the regulations for fulfilling the requirements of the parties having interest in them. Apart from this, this theory also states that after a specific period of time, the regulations serve the interest of their concerned industries (Carpenter Moss, 2013). Usefulness: The main advantage of this theory is that it helps in providing the explanation of the main intentions of the regulations. The development of these regulations involves the individuals and companies affected by them Young, 2012). For this reason, this particular theory helps in the adequate representation of policies and interest groups for the betterment of the companies and the industries. With the help of this theory, the companies and the industries become able to capture the negative intentions of the regulators for the betterment of their own interests (Young, 2012). Characteristics: In the Regulatory Capture Theory, George Strigler has mentioned about three major characteristics or three major assumptions that indicate that a particular regulatory environment is captured. According to the first characteristic, a regulatory environment will be considered as captured when there will be greed among the regulatory agency, regulatory party and customers; and their intention will be to maximize their own interest. Thus, in the presence of the intention of the maximization of own interest, the regulatory environment will be considered as captured (Chalmers, Godfrey Lynch, 2012). According to the second characteristic, the regulatory environment will be considered as captured when all the interested parties in the regulatory environment have rational expectation for the other parties (Boyer Ponce, 2012). According to the third characteristic, a regulatory environment will be considered as captured when the industries or the companies take huge time and effort for capturing the regulator (Portman, 2014). It is the responsibility of the regulators to set regulations in such a manner that the industries or the companies do not take much time to understand them. It can be seen that there are many instances where the financial regulators failed to implement correct financial regulations for the companies and the industries (Livermore Revesz, 2012). Analysis: From the above discussion, it can be seen that there are three major assumptions in the regulatory capture theory. In case of the financial reporting regulatory environment of both Australia and UK, there is a need to analyse the above-discussed characteristic of regulatory capture theory in respect of these environments. In this context, it needs to be mentioned that both the Australia and UK have some major history related with the development of accounting policies and standards (Agrell Gautier, 2012). Apart from this, there are some major cases where the regulatory environment was captured. In this context, the example of ASRB can be provided here. At the time of the discussion of the establishment of ASRB, the professional accountant members did lobby by ensuring the fact that the board would not have any independent capability; there would not be any independent chairperson and there would only be administrative officer in place of research director. Apart from this, the members of ASRB stated that the industries are required to set priorities after the discussions with the board. From this, It can be seen that ASRB considered the fulfilment of their interest above all. Most importantly, it can be observed that the members of ASRB were only professional that shows the lack of independence of the board (Chalmers, Godfrey Lynch, 2012). However, at present, the situation is very different in case of the financial reporting regulatory environment of Australia and UK. The motive behind the development of the board of both AASB and UK FRC is to provide independence to these bodies so that they can be beneficial. The 11 board members of AASB have come from different background like accounting, audit, public sector, finance and others. The same aspect can be seen in case of FRC. This aspect provides independence to these regulatory bodies (Baldwin, Cave Lodge, 2012). Apart from this, there is not any presence of lobbying in the development of the objectives of these accounting standards. It needs to be mentioned that the main aim of the financial regulatory boards of Australia is to provide the users with required financial information of the companies by establishing correct financial reporting standards (ifrs.org, 2018). Thus, it can be observed that the main priority of these boards is the development of single accounting standard for all the companies. Most importantly, the adoption of IFRS by Australia and UK has brought transparency, accountability and efficiency in the financial markets all over the world (ifrs.org, 2018). In this context, it needs to be mentioned that all of these financial regulators have established standards and principles that are easy for the companies and industries to capture. It can be noticed that there is not any rational expectations among the parties. It needs to be mentioned that there is another major aim of the development of FRC. With the implementation of FRC, it has become possible for the stakeholders of the companies to have a say in the accounting standard-setting process. More importantly, in the board of AASB, FRC and IFRS, people from different fields like private companies, regulators, directors and shareholders can be seen as the acting members (ifrs.org, 2018). There have been many debates related with the adoption of IFRS by Australia and UK. Many people have argued that regulatory environments of Australia and UK can be captured due to the adoption of the policies of IFRS as the standards setters are lobbying to fulfil their own interest in the presence of a single accounting standard. However, it needs to be mentioned that there is not any strong point in this argument, as there has not been anything bad happened in the presence of IFRS (ifrs.org, 2018). Thus, based on the above discussion, it can be said that there is less possibilities for these standards to be captured in the presence of all these aspects. Conclusion From the whole discussion, it can be observed that this report has aimed to discuss various aspects of framework for financial reporting of Australia and UK. At the same time, the report has also attempted to evaluate the framework for financial reporting of these two countries with the help of the various components of regulatory capture theory. It needs to be mentioned that the report has analyzed and evaluate all the necessary aspects of the framework for financial reporting of these selected countries with the regulatory capture theory. The following discussion shows the critical analysis of the framework for financial reporting of Australia and UK in relation to regulatory capture theory. In case of the framework for financial reporting of Australia, it can be seen that relevance and reliability are the major issues in the financial reporting of Australia. The above discussion also states that AASB is majorly responsible for the development of financial standards and policies for financial reporting. Some of the other major bodies are APRA, ASIC and others. It can also be observed that Australia has adopted all the standards and principles of IFRS in order to bring accuracy in the financial reporting process. After applying the assumptions of regulatory capture theory, it can be observed that there is not any area in the framework for financial reporting in Australia that can be captured. The above discussion shows that there is enough independence in the body of AASB and IFRS as members from different area can be seen. After that, from the major activities of AASB, it is clear that there is not any lobbying in this body to fulfill the self-needs of the body members a s the main aim of AASB is provide the users with necessary financial information by improving the quality of financial reporting. Thus, based on the above discussion, it can be conclude that all these aspects diminish the possibility of regulatory capture for the framework for financial reporting in Australia. Almost same concept can be seen in case of the framework for financial reporting in UK. The above discussion states that framework for financial reporting of UK faces major problem in the adoption of various principles and standards of IFRS. It can be observed that there are two major frameworks for financial reporting available in UK; they are IFRS and UK and Ireland GAAP. At the same time, FRC also has to play an important part in financial reporting. It can also be observed that UK has adopted all the standards and principles of IFRS. In case of the application of regulatory capture theory, it can be observed that there is not any significant factor contributed towards the capturing of framework for financial reporting. Same as Australia, the board of FRC consists of members from different area. Apart from this, it can also be seen there is not any place for lobbying in the board members. Thus, based on the above discussion, it can be conclude that all these aspects diminish the p ossibility of regulatory capture for the framework for financial reporting in UK. References AASB Board. (2018).Aasb.gov.au. Retrieved 31 March 2018, from https://www.aasb.gov.au/AASB-Board.aspx AASB RESEARCH REPORT NO 4: REVIEW OF ADOPTION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS IN AUSTRALIA. (2018).Aasb.gov.au. Retrieved 31 March 2018, from https://www.aasb.gov.au/admin/file/content102/c3/AASB_Review_of_IFRS_research_report_03-17.pdf About the AASB. (2018).Aasb.gov.au. Retrieved 31 March 2018, from https://www.aasb.gov.au/About-the-AASB.aspx Agrell, P. J., Gautier, A. (2012). 14. Rethinking regulatory capture.Recent advances in the analysis of competition policy and regulation, 286. Australia's Financial Regulatory Framework | Council of Financial Regulators Annual Report 2002 | RBA. (2018).Reserve Bank of Australia. Retrieved 31 March 2018, from https://www.rba.gov.au/publications/annual-reports/cfr/2002/aus-fin-reg-frmwk.html Baldwin, R., Cave, M., Lodge, M. (2012).Understanding regulation: theory, strategy, and practice. Oxford University Press on Demand Boyer, P. C., Ponce, J. (2012). Regulatory capture and banking supervision reform.Journal of Financial Stability,8(3), 206-217. Carpenter, D., Moss, D. A. (Eds.). (2013).Preventing regulatory capture: Special interest influence and how to limit it. Cambridge University Press. Chalmers, K., Godfrey, J. M., Lynch, B. (2012). Regulatory theory insights into the past, present and future of general purpose water accounting standard setting.Accounting, Auditing Accountability Journal,25(6), 1001-1024. Chalmers, K., Godfrey, J. M., Lynch, B. (2012). Regulatory theory insights into the past, present and future of general purpose water accounting standard setting.Accounting, Auditing Accountability Journal,25(6), 1001-1024. Financial Reporting Council. (2018).Frc.org.uk. Retrieved 31 March 2018, from https://www.frc.org.uk/frc-for-you/frc-mission Financial Reporting Council. (2018).Frc.org.uk. Retrieved 31 March 2018, from https://www.frc.org.uk/accountants/accounting-and-reporting-policy/uk-accounting-standards/standards-in-issue IFRS adoption in Australia was relatively smooth. (2018).Iasplus.com. Retrieved 31 March 2018, from https://www.iasplus.com/en/news/2017/03/australia IFRS in the UK. (2018).Iasplus.com. Retrieved 31 March 2018, from https://www.iasplus.com/en-gb/standards/ifrs-in-the-uk-1 IFRS. (2018).Ifrs.org. Retrieved 31 March 2018, from https://www.ifrs.org/use-around-the-world/use-of-ifrs-standards-by-jurisdiction/united-kingdom/ IFRS. (2018).Ifrs.org. Retrieved 31 March 2018, from https://www.ifrs.org/about-us/ Knowledge guide to UK accounting standards. (2018).Icaew.com. Retrieved 31 March 2018, from https://www.icaew.com/library/subject-gateways/accounting-standards/knowledge-guide-to-uk-accounting-standards Livermore, M. A., Revesz, R. L. (2012). Regulatory review, capture, and agency inaction.Geo. LJ,101, 1337. Overview of the financial reporting framework. (2018).Frc.org.uk. Retrieved 31 March 2018, from https://www.frc.org.uk/getattachment/baa79d97-8bf1-49e3-af14-f0dfd7f1fdfc/Overview-WEB-READY.pdf Portman, M. E. (2014). Regulatory capture by default: Offshore exploratory drilling for oil and gas.Energy Policy,65, 37-47. The standard-setting process. (2018).Aasb.gov.au. Retrieved 31 March 2018, from https://www.aasb.gov.au/About-the-AASB/The-standard-setting-process.aspx Young, K. L. (2012). Transnational regulatory capture? An empirical examination of the transnational lobbying of the Basel Committee on Banking Supervision.Review of International Political Economy,19(4), 663-688.