The Politics of Accounting Standard Setting

Assignment:

In a 2-3 page, double-spaced paper, summarize the views expressed by the authors in this week's assigned reading list. Explain your position about who should set accounting standards in the United States and provide a well reasoned argument to support your view.

Note 1:

1. Critically evaluate the current accounting standard setting process and identify its strengths and weaknesses.
2. Synthesize and summarize conflicting points of view about a controversial topic.