Question: 1. Discuss the significance of the SECs .ASR 150.
2. What has been the SECs role in the evolution of the rule-making process? Why do you think it has generally kept a low profile?
3. What were the-politics that -led -to the demise of both the, CAP and the APB?
4. The FASBs standard-setting procedure is a fairly narrow and cut-and dried approach to developing accounting standards." Do you agree with this statement? Comment.