Accounting Regulatory Bodies

There are many explanation regulative bodies, alike the Securities and win over Commission. Each one performs specific tasks and sets decrees for the accounting industry. This news report impart discuss the responsibilities of four regulatory bodies. The paper will alike discuss how organizations comply with the standards of these four regulatory bodies. U.S. Securities and transfigure CommissionInvesting in stocks and bonds is not only lucrative, but drive out be very risky as well. This is why the U.S. Securities and Exchange Commission ( mho) was created ? to value investors. The goal of the SEC is that ?all investors, whether galactic institutions or insular individuals, should have access to certain staple fiber facts about an enthronisation prior to buying it, and so longsighted as they find it? (SEC, 2008). The SEC protects investors by making study clear and accessible. This is make by requiring all public companies to acknowledge all of their pecuniary information to the public. This enables investors to determine whether or not to buy, sell, or hold. The SEC is made up of five accusationers appointive by the President. The commission interprets federal securities laws, issues new rules and amends quick rules, oversees the inspection of securities firms, brokers, enthronization advisors, and ratings agencies, oversees private regulatory organizations in the securities, accounting, and auditing fields, and coordinates U.S. securities regulation with federal, state, and foreign authorities. The commissions concussion are held regularly and are broadcast to the public and media unless the discipline is confidential. The SEC enforces these requirements by bringing cultured enforcement actions against companies and individuals who violate the laws, like insider trading and accounting fraud. Financial be Standards BoardThe Financial Accounting Standards Board (FASB) is a seven-member independent control board consisting of acc ounting professionals. Their duty, to make ! and communicate standards of accounting and reporting in the U.S. FASB... If you want to arrest a full essay, order it on our website: OrderCustomPaper.com

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