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Accounting Regulatory Bodies Paper

Prepare a paper, in which you examine at least four accounting regulatory bodies, and discuss how an organization complies with the standards of the regulatory bodies you selected.

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The response addresses the queries posted in 653 words with references.

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The response addresses the queries posted in 653 words with references.

//Before writing on this, you should have a good understanding of 'Accounting Regulatory Bodies'. Additionally, you should be aware of their functions. I am providing you an overview on some of the Accounting Regulatory Bodies and for more information; you can access some other online and offline sources. //

Accounting Regulatory Bodies: Compliance with the Standards

Introduction

This paper discusses about the four regulatory bodies in the United States and the standards that the companies have to follow. The four bodies that are talked about include the Public Company Accounting Oversight Board, Financial Accounting Standards Board, International Accounting Standards Board and the United States Securities Exchange Commission. The basic objective of these bodies is to protect the investors and maintain the market integrity and efficiency.

Four Accounting Regulatory Bodies:

//Below is given a short description of Public Company Accounting Oversight Board. //

Public Company Accounting Oversight Board

One accounting regulatory body is the Public Company Accounting Oversight Board (PCAOB). It is also known as "Peek-a-boo". It is a private-sector, non-profit organization, which is made by the Sarbanes-Oxley Act. It main objective is to supervise the auditors of the public companies.

//Further is the focus given to a short description of Financial Accounting Standards Board (FASB). //

Financial Accounting Standards Board (FASB)

The Financial Accounting Standards Board was formed as a ...

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Ashish Sharma, MBA (IP)
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  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
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