Understanding Standard and Rule Setting in the Accounting Industry

Understanding Standard and Rule Setting in the Accounting Industry
Order Description
Activity:
Understanding Standard and Rule Setting in the Accounting Industry

Background:
The final paper/project challenges the participants in the course to gain insight and understanding of the organizations involved in standard and rule setting and advising the accounting profession on financial accounting and reporting. The objectives of these organizations are to provide information that is useful to users of financial information in investing and credit decisions, assessing cash flow prospects, company resources, and claims and changes in them.

Phase 2 Assignment:
The is a 3 page assignment that will focus on the role of the U.S. Securities and Exchange Commission (SEC) and it oversight responsibilities as a relationship to the Public Company Accounting Oversight Board (PCAOB), the Sarbanes-Oxley Act of 2002 and the Dodd-Frank Act.