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Topic: |
Business
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Number of pages / Number of words: |
6 / 1475 |
Essay's paper body
The legal framework is better illustrated below.
Adopted from Lawrence (1996)
The Commercial Code was enacted in 1899 and it deals with limited liability companies (Kabushiki Kaisha), such as incorporation procedures, issuance of shares, and duties and responsibilities of directors and statutory auditors (Haller and Raffournier, 2003)...
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The code sets the legal framework of accounting in Japan and is in the centre of the triangular legal system, and given its generality, coupled with an implicit and persistent belief in Japan that accounting should eventually contribute to the development of the national economy as a whole (Haller and Raffournier, 2003)...
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