Accounting Regulatory Bodies in the US Descriptive Essay by ABCs

A description of accounting regulatory bodies.
# 111441 | 959 words | 6 sources | APA | 2009 | US

$19.95 Buy and instantly download this paper now


This paper names and describes the many bodies that influence Generally Accepted Accounting Principles (GAAP) and Generally Accepted Accounting Standards (GAAS) in the United States. Included in this paper are regulatory boards such as the the Financial Accounting Standards Board (FASB), the Securities Exchange Commission (SEC), the American Institute of Certified Public Accountants (AICPA) and the Public Company Accounting Oversight Board (PCAOB). The author describes the role of each of these regulatory bodies as well as defines their functions and influence on each other.

From the Paper:

"The SEC is ultimately responsible for the enforcement of securities law. As a result, they are the main body through which investigations into accounting fraud are conducted. One of the tools they use are comment letters, which are sent to companies suspected of impropriety requesting comment from the company. The comment letters can precede the initiation of legal proceedings."

Sample of Sources Used:

  • No author. (2008). Significant Differences in GAAP in Canada, Chile, Mexico and the United States. Canadian Institute of Chartered Accountants. Retrieved June 19, 2008 from
  • No author. (2004). Report on the Observance of Standards and Codes: Accounting and Auditing: Mexico. World Bank. Retrieved June 19, 2008 from
  • AICPA roles retrieved from:
  • PCAOB rules and standards retrieved from: and

Cite this Descriptive Essay:

APA Format

Accounting Regulatory Bodies in the US (2009, January 20) Retrieved September 18, 2019, from

MLA Format

"Accounting Regulatory Bodies in the US" 20 January 2009. Web. 18 September. 2019. <>