Accounting Regulatory Bodies Paper

score is described as ?the process of capturing and inform the results of a seam?s operating, investing and financing practiceivities? (Phillips, Libby & Libby, 2003). Accounting is knowing to provide prospective shareholders, present shareholders and counselling with apt pecuniary and phone line data so that dead-on(prenominal) 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 cartwheel of the financial records of an organization. This base will briefly discuss quartette accounting regulative bodies and how an organization complies with the standards of each regulatory body. The Securities big bucks meeting act upon of 1934 was passed in reaction to the 1929 stock merchandise 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 la ws the Securities tack Act of 1934 also maintains the integrity of the securities market. The Securities and tack Commission was formed to guard U.S. shareholders from misconduct concerning financial markets and securities following(a) the Securities Exchange Act of 1934 (Huddart, 2007). The Securities & Exchange Commission ( south) 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 crack a sale of securities and corporat! e reporting while regularisation the securities market. The SEC protects shareholders through wax ordinary disclosure and unsound/ controlling systems within the securities division (U.S. Securities and Exchange Commission, 2008). In array to comply with the SEC all everyday organization?s annual reports must include a report from management about the company?s inner control everyplace financial reporting, and are required to peril their financial training to the... If you want to get a full essay, order it on our website: BestEssayCheap.com

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