Accounting Regulatory Bodies Paper

account is described as ?the process of capturing and inform the results of a seam?s operating, investing and financing feignivities? (Phillips, Libby & Libby, 2003). Accounting is knowing to provide prospective shareholders, present shareholders and focussing with relevant pecuniary and phone line data so that surgical and proper business decisions regarding the organization can be made. oer the years, the United States has employ several systems and laws, which guarantee the integrity and money plant of the financial records of an organization. This base will briefly discuss iv accounting regulative bodies and how an organization complies with the standards of each regulatory body. The Securities rush meeting accomplishment of 1934 was passed in reaction to the 1929 stock marketplace crash and the Great slack (Huddart, 2007). The main focus of this act is to protect shareholders. By amending incumbent laws, forming new laws and enforcing those laws the Secur ities tack Act of 1934 also maintains the integrity of the securities market. The Securities and swap Commission was formed to nurse U.S. shareholders from misconduct concerning financial markets and securities following(a) the Securities Exchange Act of 1934 (Huddart, 2007). The Securities & Exchange Commission ( s) is an autonomous, aboveboard regulatory agency. The SEC is responsible for administering the federal securities laws (U.S. Securities and Exchange Commission, 2008). The U.

S sexual relation formed the SEC in efforts to protect shareholders, prevent incorporated abuse involving the oblation a sale of securities and c orporate reporting while rule the securitie! s market. The SEC protects shareholders through wax ordinary disclosure and dishonorable/ controlling systems within the securities division (U.S. Securities and Exchange Commission, 2008). In launch to comply with the SEC all everyday organization?s annual reports must include a report from management about the company?s inner control all over financial reporting, and are required to peril their financial development to the... If you want to get a full essay, order it on our website: BestEssayCheap.com

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