3 ms·

Does accounting regulation increase or decrease the difficulty of running a business?

• roenxi 6y ago
  Increases, obviously. If it made it cheaper and easier to run a business there wouldn't need to be a regulator, they would just do it on their own. The argument in favour of accounting regulations is that the costs imposed are acceptable for the risks to the public of lax accounting practices, not that it reduces costs. Much like how the argument in favour of silly cheese regulations is that protecting the public from the wrong type of mouldy cheese is worth not having shafyy running a cheese operation in the UK.