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In the public minds the work of an accountant must be faultless in execution and principle. "Throughout its history, accounting has been a moral discourse partially reflecting the moral order of the world in which it was practiced" (Verschoor 2002, 28).
Relationship among the FASB, SEC, and PCAOB:
The financial health and economic welfare of global corporations is at stake when it comes to accurate financial reporting. Investors won't stand for a repeat of Enron, Tyco or recent allegations in reporting improprieties by Fannie Mae. In order to establish regulations and statutory liability for accountants Government established or sponsored several regulatory body in early 1900s such as,
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Common topics in this essay:
- Accounting Ethical and Legal Obligations Pape
- Ethical and Legal Obligations in Accounting
- Public Company Accounting Oversight Board; Will it Protect Investors?
- Code Of Professional Ethics By American Institute Of Certified Public
- Principles-Based Accounting And Rules-Based Accounting
- discuss the role of the financial accounting and managerial accounting functions in organizations
- The Differences Between Financial Accounting And Management Accounting
- International Accounting Standards Board
- accounting principles and ethics
- Generally Accepted Accounting Principles
- General Accepted Accounting Principles
- Advantages and Disadvantages of Principles-Based Accounting
- Lean Accounting and the Basics of Accounting
- Managerial Accounting Vs Financial Accounting
- Managerial accounting vs Financial accounting
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