ACC 230 WEEK 1 DISCUSSION QUESTIONS

This pack of ACC 230 WEEK 1 DISCUSSION QUESTIONS comprises:

DQ1:

Go to the SEC’s Web site and the FASB Web site. Identify the mission and main activities of each

organization. Then, discuss the similarities and differences between the roles of each

entity. Which entity has more influence over financial statement reporting? Explain your

answer.

DQ2:

Summarize at least two provisions of the law, and

discuss your interpretation of these provisions with your classmates. Do you believe this

law will make financial statements more reliable? Also, discuss how Sarbanes-Oxley

establishes boundaries to ensure ethical practices. What does the law allow or prohibit,

and why?