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Accounting Regulatory Bodies

Accounting Regulatory Bodies Paper
Prepare a 300-750-word 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. Be sure to cite at least two references.
Properly cite your references. If you used an electronic source, include the URL. If you used a printed source please attach a copy of the data to your paper.

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There are many accounting regulatory bodies and each performs its own specific tasks and sets regulations as they serve the accounting industry. These accounting regulatory bodies set the tone for companies to follow and they have contributed in many organizations' successes. Their goal is to be able to improve the standards of financial accounting in organizations. Companies need to comply with the requirements of these bodies as Accounting is very important. It is the language of business, the root of informed decisions, and the basis of the financial status of the company. Accounting presents the information needed to know whether the company was earning or not, how much to pay in taxes, and it analyzes the way the company was performing in the past year/s. When faced with a ...

Solution Summary

The solution consists of 300-750 words examining at least four accounting regulatory bodies and how organizations comply with their standards. References are also included.