BUS 623 Topic 6 Government Regulation of Business Paper GCU

Write a paper (2,000 to 2,500 words) regarding the regulation of financial reporting, as established through the Securities Act of 1933, Securities Exchange Act of 1934, the Sarbanes-Oxley Act of 2002, and the Public Company Accounting Oversight Board (PCAOB) auditing standards effective December 31, 2016. Discussion should include the following:1. Summarize the main points for each act.2. Compare and contrast the regulations and standards.3. Discuss the importance of the current regulations with a focus on the PCAOB General Auditing Standards, not the audit procedures or reporting, as applicable to GAAP reporting.4. Include a discussion of how the regulation of the accounting industry has changed since 1933 using these four regulations/standards as a timeline.Use readings from the course and seek out additional information to support your discussion. A possible resource is the PCAOB website at https://pcaobus.org (click on the Standards menu item). Include at least three external sources to support your points.

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