Accounting Regulatory Bodies

There are many business relationship regulatory bodies, equal the Securities and win over Commission. Each one performs specific tasks and sets regulations for the accounting industry. This composition 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 permutation CommissionInvesting in stocks and bonds is non only lucrative, but privy 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 vauntingly institutions or insular individuals, should have access to certain elemental facts about an enthronisation prior to buying it, and so great as they find it? (SEC, 2008). The SEC protects investors by making instruction clear and accessible. This is make by requiring all public companies to collapse all of their pecu niary 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 appoint by the President. The commission interprets federal securities laws, issues new rules and amends actual 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 clear to the public and media unless the discipline is c! onfidential. The SEC enforces these requirements by bringing polished 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 calling card 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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