I don't get what you disagree with, I'm just trying to explain what I meant when I used certain terms. You may offer better terms.I disagree, but it's not a completely nonsensical point of view
Allow me to bring a wee example.this is wrong, and I don't understand what you base this claim on
for example, regulations are made by government
they can very easily not do this
When Pacioli wrote first public treatise about double-entry bookkeeping, it had ~two dozen pages. Nothing on reporting.
Today, your shareholders or investors may want to know how your business is doing, so they'll want reports. Now, international financial reporting standards (IFRS) have couple thousand pages and those aren't "government regulations". And once the report is done, your business partners/investors/creditors will want them to be audited, so you can throw auditing standards (ISA) on top of that.
This reflects business and finance having grown more complex, not government writing regulations "just because", even though I understand this is a popular belief.