TaskDaCK tO tOpIn your accounting career you will be required to analyse current accounting issues and communicate your theoretical understanding to your professional colleagues and your clients. For this assignment assume that you are the senior accountant working for a major firm.Question 1 – 1,500 wordsThe CEO has forwarded to you an interesting orticle and requires you to provide her with a deeper theoretical understanding of the issues discussed so that she can fully engage in the lively discourse of on upcoming conference.You are required to find a newspaper article or web page report of an item of accounting news, i.e. it refers to a current event, consideration, comment or decision that has been drafted after the 1st of June 2019. Your article could also come from one of the professional journals. The article should not come from an academic journal. Academic journals generally do not contain news articles or articles of less than one page and are usually only drafted 2 or 4 times a year. Your article should also relate to a different issue to what you will be investigating in Question 2 (in other words, don’t use an article about the exposure draft you will be using in question 2). if you are having a problem ensuring that your article is from an appropriate source contact your subject coordinator.You then need to explain the article that you have found in your own words and clearly relate the concepts, ideas and facts within the article to one or more of the theories or topics that you have studied this session. Support your analysis of the assumptions and implications of the topic or theory as appropriate with reference to sources in APA 6 style. For example, this article from The Australian in July 2018 could be linked to the topics of accounting regulation and measurement (and perhaps others). You must provide a copy of the article or web page, with details of the source, date and page number with your answer.Question 2 – 1,500 wordsThe Senior Partner of the firm you work for has appointed you to a new role. It is now your responsibility to review upcoming accounting stondords and provide a report to the portners on the proposed standard and the opinions of other industry players on the changes.