Accounting Deliver in 12 hrs

This assignment has 3 parts:

1. How do accounting policies and practices affect financial accounting information used for "external" decision making purposes? 
2. What governing and oversight bodies exist to help ensure timely and accurate reporting of financial information by publicly traded companies? 
3. How do internal controls help ensure that financial results are accurately and fairly presented for use by external users?

In your own words, post a response to the Discussion Board, and comment on at least 2 other postings. You will be graded on both level of engagement and the quality of the contribution to the discussion.