The auditing and accounting environment in the United States is dominated by the Securities and Exchange Commission (SEC), the accounting profession and a private sector standard-setting body called the Financial Accounting Standards Board (FASB). The SEC is a government agency and represents the main government influence on financial reporting. There are no influential company laws dealing with financial reporting issues. The auditing and accounting environment is itself influenced by a number of legal and cultural factors.
KeywordsProfessional Ethic Accounting Profession Audit Financial Statement Financial Account Standard Board Audit Standard
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