Assignment 1: Financial Accounting Standards Board (FASB) and the Securities and Exchange Commission (SEC)

Assignment 1: Financial Accounting Standards Board (FASB) and the Securities and Exchange Commission (SEC) Due Week 8 and rate 300 points The SEC and FASB product jointly to find unquestioning investors entertain ample knowledge about companies and the reported knowledge is evident and congruous. Publicly traded companies are required by the SEC to provide minute financial reports to the national on a quarterly premise using FASB standards as a format for reporting. Using the Internet and Strayer Library at https://research.strayer.edu, elimination the Financial Accounting Standards Board (FASB) and the Securities and Exchange Commission (SEC) to address the subjoined questions. Write a immodest to five (4-5) page tract in which you: Analyze the Financial Accounting Standards Board (FASB) conceptual frameproduct and the benefits expected to be acquired from the conceptual framework.  Identify two (2) weaknesses of the frameproduct and find at last two (2) recommendations that would augment the conceptual framework. Provide a rationale to help your recommendations. Analyze the two leading qualities of adapted accounting knowledge and furnish your notion on whether you consort delay the two leading qualities. Suggest to FASB one added leading capacity that would augment accounting adaptedness. Provide two examples to help your prompting.   Describe the role of the Securities and Exchange Commission (SEC) and its crop of the financial accounting plea and custom.  Analyze the alliance betwixt the SEC and the FASB delay honor to the crop and service of financial plea and customs. Furnish two recommendations that would ameliorate the alliance betwixt the SEC and FASB. Provide a rationale to help for your recommendations.  Go to https://research.strayer.edu to locate three (3) capacity academic media in this assignment. Note: Wikipedia and correspondent websites do not enable as academic media.The best exquisite is to access Strayer University’s Online Library at https://research.strayer.edu  and the iCampus University Library Elimination page at https://icampus.strayer.edu/library/research.