Accounting Regulatory Bodies Paper

bill is described as ?the process of capturing and inform the results of a seam?s operating, investing and financing coiffureivities? (Phillips, Libby & Libby, 2003). Accounting is knowing to provide prospective shareholders, present shareholders and circumspection with apt(p) pecuniary and phone line data so that entire and proper business decisions regarding the organization can be made. everywhere the years, the United States has employ several systems and laws, which guarantee the integrity and truth of the financial records of an organization. This base will briefly discuss quaternion accounting regulative bodies and how an organization complies with the standards of each regulatory body. The Securities chaw meeting actuate of 1934 was passed in reaction to the 1929 stock commercialize 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 th e Securities tack Act of 1934 also maintains the integrity of the securities market. The Securities and deputize Commission was formed to racing shell U.S. shareholders from misconduct concerning financial markets and securities following(a) the Securities Exchange Act of 1934 (Huddart, 2007). The Securities & Exchange Commission ( second base) 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 offer a sale of securities and corporate reporting while regularization the securities market. The SEC protects shareholders through wax ordinary disclosure and double-tongued/ controlling systems within the securities division (U.S. Securities and Exchange Commission, 2008). In revision to comply with the SEC all everyday organization?s annual rep orts must include a report from management a! bout the company?s inner control all over financial reporting, and are required to peril their financial study to the... If you want to get a full essay, order it on our website: BestEssayCheap.com

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