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Accounting Regulatory Bodies

Accounting is extremely important when it comes to the success of organizations. Organizations can only be successful if there are investors willing to invest into that organization and accurate accounting allows investors to get a good financial picture of the organization that is being looked at. There are several different accounting regulatory bodies and each one of them is very important when it comes to accounting and the effects that accounting has on organizations. The overall goal of these accounting regulatory bodies is to set rules and regulations and help improve the standards of financial accounting for every organization. There are four accounting regulatory bodies that are very well known and considered the main accounting regulatory bodies that set the standards for all of the organizations.
The first regulatory body is the Financial Accounting Standards Board or FASB for short. “The mission of the FASB is to establish and improve standards of financial......


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Approximate Word Count: 494
Approximate Pages: 2 (250 words per double-spaced page)

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