Free Essay

Regulatroy Bodies

In:

Submitted By go4itsccoast
Words 345
Pages 2
Regulatory Bodies The Internal Revenue Service (IRS) is probably the most known regulatory body in the United States. The IRS main purpose is the management and enforcement of all internal revenue laws and for the collection of taxes. The next regulatory body is the Securities Exchange commission (SEC). The SEC main goal is to observe public companies to ensure these public companies are following the generally accepted accounting principles when reporting their company’s financial data. The administration and finances of several regulatory boards and councils such as the financial accounting standards board, the financial accounting standards advisory council, governmental accounting standards advisory council, and the governmental accounting standards board is the responsibility of Financial Accounting Foundation (FAF) (Weygandt, Kimmel, & Kieso, 2008). The Financial Accounting Standards Board (GASB) main purpose is the developing, enforcing the standards in accounting and reporting for all non-governmental entities. The formulation of Governmental Accounting Standards Board (GASB) was because of the need for all government levels to have standard accounting principles. The GASB created and implemented the generally accepted accounting principles. This board mirrored the financial accounting standard board on state and local levels. The Federal Accounting Standards Advisory Board (FASAB) is a regulatory body whose main purpose is to distribute the federal accounting standards to all users of federal financial information. The formulation of the International Accounting Standards Board (IASB) created international accounting standards through a joint effort with representative from other countries to ensure financial reports where understandable, accurate, and valid. In the development of the Sarbanes-Oxley Act of 2002, a new regulatory body came into existence called the Public Company Accounting Oversight Board (PCAOB). The goal of this board is to help protect shareholders and their investments in public traded companies from auditors. The American Institute of Certified Public Accountants (ACIPA) is a regulatory body whose main purpose is to create financial accounting and reporting standards in collaboration with the Federal Accounting Standards Advisory Board.

References
Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2008). Financial accounting (6th ed.). Hoboken, NJ: Wiley.

Similar Documents

Premium Essay

The Flowers

...Stories of Black Women” by Alice Walken. Based on what I know about Alice Walken and her work, I assume Myop is a young girl from a dark colored family in the south, which world limits to the wood behind her family’s house. In the beginning of the story Myop is a happy child with a child’s innocence and illusions. The atmosphere in the beginning is also very calm and peaceful. All these changes when Myop steps on a dead body in the wood. “.. and she reached down quickly, unafraid, to free herself” (p. 107 l. 33) As you see in this quote Myop is not afraid of the situation, but looks at it with a child’s eyes of interest, and trying to make her own experiences. She doesn’t know yet that she has to be afraid. The calmness is then broken and the sentiment changes. Something is wrong and when Myop wants to go back to the peacefulness of the morning, she can’t. The calmness she knows and is pursuing is gone, as Myop has left her childhood. The point of no return would be when Myop steps upon the body, that’s the turning point of her life. Not only he finds a dead body, but also his white teeth are cracked that shows us that he probably had been beaten up before the lynching.In her ‘illusions’, life is good and fair. Her illusion of the world is not including murder, and when she sees this man – dead by either one – her perspective of the world changes, and her illusions cracks. Mypo...

Words: 575 - Pages: 3

Free Essay

Warrior

...are manipulating, diminishing and imposing changes that disrupts the well being of our communities. My physical, mental, emotional and spiritual being is extremely out of balance where healing can only come from within and I must rise above the injuries of yesterday otherwise I will be the vessel of tomorrow’s generations that may lead to the fatality of a people. I am a warrior gravely wounded from the incarceration of an Indian Residential School and the genocides, but it is time that my resilience will abrogate the usurping of my people’s rights, liberties and freedoms upon the lands and resources we own, enjoy, use and occupy. I must heal myself by picking up the multiple years of baggage and heal every single wound that has pierced my body and soul so that I can live without shame, poverty, abuse and anger. Then and only then will the healing drums give strength, pride and dignity among the hearts and minds of all Warriors. Canada Day Poem of Wayne Nicholas July 1st, 2010...

Words: 310 - Pages: 2

Free Essay

This Much Is Constant: Analysis Essay

...Vikhyat Mundlapudi Mr. Brandstetter ENG-3UH Monday, September 26th, 2011 yThe Ripple in the Pond Janice Galloway's “this much is constant” is a testament to adults who have let out all their bottled up issues in the form of crime. Through her choice of descriptive words, she hints at the fact that the protagonist may have revisited her childhood home, only to murder her mother. The protagonist's feelings start to be revealed on the first page when she talks about how fear and wonder are constants, meaning that even though all the fearful and wonderful things that happened to her have long passed, they were still fresh in her mind, staying with her for eternity. The reader discovers that she has the longing to accomplish something as she says, “Determination is never outgrown; only with fear and wonder, adapted, reviewed, refined.” (p169) This can be interpreted as the protagonist had wanted to do something in her childhood, and that desire had never outgrown her, it had just been more refined to a point in her adulthood where she could conceivably execute her plan. She says, “Fear is never outgrown...,” (p169) meaning that even though she now has the plan to go along with her determination, she is still as fearful as the child she used to be. Her fear seems to stem specifically from this home, as she talks about how home is where bones grate against each other, signifying conflict, and as many child psychologists will say, a home with much conflict is the devil's workshop...

Words: 1556 - Pages: 7

Free Essay

Pragmatism and Transactional Bodies

...theory on an organism’s life existing within and “through” skin, Sullivan harnesses the acceptance of the “transaction” allowing all processes to occur as a means positive transformation. Through the boundaries of sex and race, Sullivan reveals the human individual as a body no longer bounded by absolute substance. Instead, we can find direction and freedom within the dynamic relationship of body and environment, and address the impact of the insurmountable activities of life “on people’s lived situations and experiences” (Sullivan 3). Acknowledgment of our transactional bodies formation by mutual constitution and categorization of the world comes with the examination of the “hidden assumptions and blind spots” that accompany a particular perspective, and ultimately, the potential of changed habit for achieving what Dewey previously defines as a Great community (Sullivan 4). By encouraging the collaboration and advantages of a transactional perspective of our own body, Sullivan wishes to free the boundaries of fixed habit and improve bodily existence through a blend of 20th Century pragmatism. Sullivan’s concern remains within the social, ethical, and epistemological implications of transactional bodies, encouraging the explanation of the true harm and benefit of different transactions onto different people. Subject and object compartmentalized as separate entities suggest an exchange that never allows for the conceptualization of co-constitution, so Sullivan respectively...

Words: 1057 - Pages: 5

Premium Essay

Business Management

...refuses to pay her taxes or state her purpose for buying the poison. Emily also avoids the law when she refuses to have numbers attached to her house when federal mail service is delivering. Her dismissal of the law eventually takes on more threatening consequences, as she takes the life of the man whom she refuses to allow abandon her. Emily’s anxiety, however, lead she in a different direction and the final scene of the story suggests that she is a necrophiliac. Necrophilia typically means a sexual attraction to dead bodies. In a broader sense, the term also describes a powerful desire to control another, usually in the context of a romantic or deeply personal relationship. Necrophilia’s tend to be so controlling in their relationships that they ultimately resort to bonding with unresponsive individual with no resistance with dead bodies. Mr. Grierson controlled Emily, and after his death, Emily temporarily controls him by refusing to give up his dead body. She ultimately transfers this control to Homer, the object of her affection. Unable to find a traditional way to express her desire to possess Homer, Emily takes his life to achieve total power over him. Antigone is very much her father’s daughter, and she begins her play with the same swift decisiveness with which Oedipus began his. Within the first fifty lines, she is planning to defy Creon’s order and bury...

Words: 1201 - Pages: 5

Free Essay

Stand by Me Analysis

...a whole. Particularly you will see how the plot, other groups, and each significant moment along the way further develop the group and each member. As the story goes on you will read about the different stages that the group will undergo and how the group shifts its motives. The paper will contain an analysis of each group member so that the reader has enough information to understand the rest of the paper. “I never had any friends later on like the ones I had when I was twelve” The movie begins with an older man who narrarates the movie, we soon find out that this is Gordie telling his story about the time him and his best friends went to see a dead body. The movie is about four young boys who are growing up in a small town who have little chance of being real successful. The boys go off on an adventure to see a dead body in hopes to become famous. Throughout the paper I will be giving background information on each character and describe how that information develops their group, describing the type of group they are, and describing the development of the group throughout the movie based on external factors. Right away, however, I will give you a summary of the movie. In the beginning in the movie we are introduced to the group when they are playing cards in a tree house. There are four boys in this group: Gordie, Chris, Vern, and Teddy. These boys are a social group...

Words: 3457 - Pages: 14

Free Essay

My Name

...that day. Later when they saw Mr. Satyavadi outside the visitors’ gallery they felt threatened by the threatening gesture of Mr.Satyavadi’s, as he moved his hand towards his service revolver .In an act of Private defense my clients caught hold of Mr. Satyavadi and beat him up, since there was no immediate help from any security personal’s would be possible within the given short time frame. Only necessary amount of physical force was used to knock Mr. Satyavadi unconscious, which was an obvious reaction from a sane human and the same would be done by any man in a life threatening situation like this.   RIGHT TO PRIVATE DEFENCE (Indian Penal Code 1860) Section 100 When the right of private defense of the body extends to causing death - The right of private defense of the body extends, under the restrictions mentioned in the last preceding section, to the voluntary causing of death or of any other harm to the assailant, if the offence which occasions the exercise of the right be of any of the descriptions hereinafter enumerated, namely:- First. -  Such an assault as may...

Words: 815 - Pages: 4

Free Essay

None of These Diseases

...also in recent centuries. In May 1847 Vienna, Austria was the leading medical center of the world. One out of six pregnant women die of labor fever on the delivery table. No one knew the mode of transmission of this disease except a doctor by the name of Ignaz Semmelweis. In the 1800s, doctors and nurses did not wash their hands when transferring from the morgue to the delivery room. After submerging their hands in pus and blood during an autopsy, the nurses and doctors would go straight to the delivery rooms without washing their hands. If people just followed the Bible’s principals, the deaths of these women would have been avoided. Numbers 19:11 states, “He that toucheth the dead body of any man shall be unclean seven days.” The section of physical wholeness explains how people destroy their bodies by false understanding...

Words: 1029 - Pages: 5

Free Essay

The Plot

...[pic] Body, Mind and Death Michael Lacewing Setting the scene Many people think of the afterlife as an existence without their bodies – just their minds, somehow. But there has always been a strong traditional of bodily resurrection; and it is becoming increasingly popular in philosophy of religion. Theories of the resurrection of the body are theories about whether I survive the death of my body in any way. It is not enough that my body is resurrected – I need to be resurrected, to continue existing as my body. Theories of the resurrection of the body, then, usually presuppose two further philosophical theories: materialism and a particular theory of personal identity. Materialism Materialism is the theory that the only substance is matter. A substance is something that can exist independently of anything else. Materialism denies that we have souls that can exist independently of our bodies. And so, if there is life after death, we must exist as material objects, as bodies. Because matter is the only substance, everything that exists must exist as a material object. And all properties, e.g. having a mind, must be properties of something that is material. Two theories of personal identity Even if I can only exist if I have a body, this doesn’t mean that I can only exist in this body. Just as a piece of computer software can be copied from one computer to another, perhaps I can exist in different bodies. On this theory, what makes me me is not what body...

Words: 1159 - Pages: 5

Premium Essay

Water Therapy Research Paper

...Water therapy is an important part of the current Phoenix camp experience. Therefore, even with a move in the future to a new sight and facility, it is important to keep many of the core features intact for generations to come. Water therapy in particular holds a special place and for good reason. It has numerous positive effects, and deserves a spot to be showcased. Water therapy offers a very unique sensory experience for whoever is participating in it. It expresses an environment of exploration which can be extremely beneficial to a child suffering from traumatic experiences. In the case of the Phoenix center, it gives the children a chance to cool off and play carefree in a safe environment. It also encourages sharing which in turn can benefit both children involved and even those around them.This allows them to develop trust with their peers and form confidence that will ultimately help them face their struggles. It can also benefit handicap children or a child with health or mental issues. The sensations of the water can help with movement and feeling and help boost morale immensely. The Texas hill country region is home to an arid climate that becomes very sultry during the summer months. This can obviously take it toll on anyone that is out in it for too long which is why a water therapy area is needed and certainly welcomed. The facility and camp being near Marble Falls will benefit mightily from a water therapy area like this. It allows for safe playtime and a way...

Words: 508 - Pages: 3

Free Essay

Healing

...hospital that would cover not only the physical aspects of healing but the emotional and spiritual components (ericchapman.com, n.d.).  My work will describe the healing hospital paradigm and how spirituality influences this paradigm. In addition, barriers to the Healing Hospital paradigm will be discussed along with Biblical scripture that supports compassion in the health care system. The healing hospital paradigm it focuses on the removal of stress and other health risks in the hospital environment for both patients and visitors. . The healing hospital paradigm it involves in healing the whole client (Young & Koopsen, 2006, p. 4) instead of just curing the disease. This emerges from the paradigm’s focuses on healing beyond the body physical: it aims to enhance the overall well being by addressing the patient’s and their families’ cognitive, emotional and spiritual concerns (Milstein, 2005). A healing hospital goes beyond windows, walls, and mortar. Its strong culture of love and caring is what sets it apart from traditional hospitals (Chapman, 2010, p.15)... The concept is to supporting a strong culture of caring for their patients and caregivers. Healing Hospitals use the three symbols of loving services which are: a Golden Thread that symbols faith in god to represent positive tradition of healing, a pair of intersecting circles that symbolizes hope that flow into and out hearts when we experience loving encounters and the red heart that symbolizes love. ...

Words: 749 - Pages: 3

Free Essay

Healing Hospital

...hospitals” that follow the practices of spiritual healing. Erie Chapman and the Baptist Healing Trust envisioned a spiritual healing environment that focused on the healing of mind, body and spirit of patients. They believe that the healing hospital would also be beneficial for hospital employees by creating a productive work environment that supports the morals of employees. Spirituality can be anything in believing in a higher power that is immaterial or in other words, “not of this earth”. Spirituality also means a power that is beyond our five senses: sight, touch, smell, hearing and taste. Spirituality is also looked upon as a powerful component in healing. It is said that in the scriptures such as Peter 1, John and the Book of Psalms support the healing hospital paradigm since it presents an immaterial power that can heal all who believe in the higher power. This Higher power can heal all diseases, emotional distresses, and other disorders. However, the healing hospital paradigms not only care for the illness or disease of a patient but they also care for the emotional needs of the patients. I think that is why Healing Hospitals are so successful and popular. They care for the patients’ body, mind and soul, which is entirely different than an average hospital in which they only care for the patients’ body. In a Healing Hospital, there are only positive outcomes because of all the love and compassion provided by employees. It is not just love and compassion, but time also. At a...

Words: 829 - Pages: 4

Free Essay

Essay 2 Microtheme 5

...Genna Cahill English Composition 1001 Essay 2 Microtheme 5 After reading Rachel Adams’s chapter “Sideshow Cinema”, I have gained a new perspective on Tod Browning’s film Freaks. Adams suggests that there may be a fine line between monster and victim regarding the normal people, such as Cleopatra and Hercules, and the freaks, such as Hans and the conjoined Hilton twins. “After establishing Hans as a sympathetic character who suffers unwarranted abuse, the spectacle of Cleo’s body, mutilated at the hands of the freaks, leaves the viewer unsure about who is the victim and who aggressor,” Adams describes (77). Up until the point of Cleo’s revelation as the “chicken-woman”, the normal-looking people leave us to feel more sympathy for the freaks based on the treatment of them. Majority of the film, we see Cleo, Hercules, and their normal friends treat the freaks as inferiors, teasing them subtly to their faces and more so behind their backs. Therefore, in this sense, the normal people can be seen as monsters and the freaks as victims. The effect of the camera also gives us more sympathy for the freaks. The settings in which these people are placed affect the way we see them. For example, Hans is often placed next to larger objects, especially in Cleo’s wagon, and this makes him, in proportion, look much, much smaller than he actually is. This is true when we are looking at Cleopatra from his point of view as well. Compared to Hans, she seems a lot taller, and we can understand...

Words: 527 - Pages: 3

Free Essay

Tragedy at Lumba S Bend

...mess. Possibly it was either Demetrio’s gang or Pito’s gang that had perished, but as yet we could not be certain. After the mess we fell to work again, but many of those who were personally acquainted with men of Demetrio’s or Pito’s gang could not work very well. I myself was a great friend of Demetrio, and I could not keep my thoughts away from him. When my shift came, I crawled out of the hole and found that several of my friends had already volunteered to dig out the bodies. As soon as we entered the village, we were met by a number of excited women and children. They told us that only one of Demetrio’s men had escaped death, and even he was in a very serious condition. He had been taken to the hospital….So it was really true that Demetrio had died. We passed by the hut where we boarded, and I felt a pang. I could only stare vacantly at the old woman who was looking out of the window. She was our occasional washer woman, and now she had brought a clean suit to the hut so that by the time Demetrio’s body was found we could easily change his clothes. My companions saw her also, but not one of us broke the silence. Instead we hurried to the shop where the company kept it tools, and asked for implements. There were already a number of men excavating the mountain side, and they were working with furious haste. But as there was still a know what to do, for...

Words: 385 - Pages: 2

Premium Essay

Body Image

...Body image article- Eimear Langan Body image is the picture or mental image of one’s own body. Both teenage girls and teenage boys are concerned about body image along with new mothers and also some men and women. This is due to the pictures of skinny people in magazines who aren’t even real people as they have been photoshopped in every possible way, which makes these people want to look like something that is physically impossible. Models have the biggest influence on our body image as we aim to look like someone that’s not realistic. People ask the question “why don’t I look like the models on the television or in magazines?” we don’t look like models that we see in the media because the average model is taller and weighs 23 percent, or almost a quarter less than the average woman who Is 5'4" and weighs 148 lbs. In the dove ad that we watched in school we learned that people see themselves differently to how others see them. For example the artist drew a picture of a person describing themselves and another picture of the same person described by someone else. When we saw the two pictures we could see that how we portray ourselves is different from how other people see us. Studies show that people can be so insecure that they will get several plastic surgeries and eventually become addicted. I read about one girl who’s a model and who got lots of plastic surgery done and started to get addicted, she was unhappy with the way she looked and to make things worst she was being...

Words: 823 - Pages: 4