Assignment 1: Financial Accounting Standards Board (FASB) and the Securities and Exchange Commission (SEC)
Due Week 8 and worth 300 points
The SEC and FASB work jointly to make sure investors have sufficient information about companies and the reported information is clear and consistent. Publicly traded companies are required by the SEC to furnish detailed financial reports to the public on a quarterly basis using FASB standards as a format for reporting. Using the Internet and Strayer Library at https://research.strayer.edu, research the Financial Accounting Standards Board (FASB) and the Securities and Exchange Commission (SEC) to address the following questions.
Write a four to five (4-5) page paper in which you:
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