What are the three primary objectives of financial reporting

Reference no: EM131519153

Question: 1. In general terms, explain the terms U.S. GAAP and IFRS.

2. What was the primary reason for the establishment of the 1933 Securities Act and the 1934 Securities Exchange Act? What power does the Securities and Exchange Commission (SEC) have?

3. What is the role of the auditor in the financial reporting process?

4. What are the three primary objectives of financial reporting?

Reference no: EM131519153

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