Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. write three arguments in favor of the sec setting

Write three arguments in favor of the SEC setting Accounting Standards in the US, and present...

80.2K

Verified Solution

Question

Accounting

Write three arguments in favor of the SEC setting AccountingStandards in the US, and present three arguments in favor of theFASB setting Accounting Standards in the US.

Answer & Explanation Solved by verified expert
4.1 Ratings (665 Votes)
US ACCOUNTING STANDARDSETTING PROCESS THE ROLE OF SEC AND FASB IN THE SETTING OF ACCOUNTING The SECs Role in Financial Reporting Standards Security exchange commission SEC The SEC is on the front line of financial reporting and often is among the first to identify emerging issues and areas of accounting that need attention The Securities and Exchange Commission SEC was created by congress with the 1934 Securities Exchange Act The statutes administered by SEC are designed to promote full public disclosure and to protect the investing public against fraudulent and manipulative practices in the securities market The 1933 Securities act set forth accounting and disclosure requirements for initial    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

Write three arguments in favor of the SEC setting AccountingStandards in the US, and present three arguments in favor of theFASB setting Accounting Standards in the US.

Other questions asked by students

Q

At the peak of an action potential, the membrane potential of a human motor neuron reaches...

Medical Sciences
Q

A pickup truck with mass 2so kgs traveling weha speed of 26m whileacompact car of mass 2n...

Physics
Q

Example 11 2 The work function of caesium is 2 14 eV Find the threshold...

Physics
Q

Draw a Venn diagram for the relationship An B U An C U A A...

Basic Math
Q

How much wrapping paper would you need to wrap a cylindrical gift with a height...

Basic Math
Q

If t x Select the correct answer below O 0 04e In x O O...

Calculus
Q

10 Solve the equation and check your solution 4x 2 x 30 Type a response

Algebra
Q

Table 3 Operating Expenses Salaries and Wages Employee Benefits Supply Expense - da Vinci Supply...

Accounting
Q

When auditing the accounts receivable account on the balance sheet, an auditors procedures most likely...

Accounting
Q

The following information is provided for The Musketeers Inc.: Ending retained earnings is $20000, beginning...

Accounting
Q

RANDALL DEPARTMENT STORES, INC Income Statement compared with Industry Average Year Ended December 21, 2020...

Accounting
Q

Duff Beer's WACC is 10.8504%. Duff's cost of equity is 17%, and their cost of...

Accounting