Accounting Regulatory Bodies

There are many score restrictive bodies, like the Securities and win over Commission. Each one performs specific tasks and sets legislations 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 shift CommissionInvesting in stocks and bonds is non only lucrative, but undersurface 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 bighearted institutions or insular individuals, should have access to certain basal facts about an enthronisation prior to buying it, and so broad as they find it? (SEC, 2008). The SEC protects investors by making information clear and accessible. This is make by requiring all public companies to strike all of their pecuniary information t o the public. This enables investors to determine whether or not to buy, sell, or hold. The SEC is made up of five accusationers positive by the President. The commission interprets federal securities laws, issues new rules and amends alert 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 plain-spoken to the public and media unles s the discipline is confidential. The SEC e! nforces these requirements by bringing genteel 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 climb on consisting of accounting 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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