Solved: Major purposes of sec regulation-fasb-gaap, Other Management

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Major purposes of sec regulation-fasb-gaap

Problem:

One of the major purposes of SEC regulation, FASB, GAAP, and the attest (public company audit) business is to represent financial situations "fairly". With all this regulation and mandated reporting, WHAT HAPPENED OVER THE PAST FOUR YEARS?

Have we seen echoes of the Shenanigans cases in more recent horror stories?

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Other Management: Major purposes of sec regulation-fasb-gaap

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Other Management: Major purposes of sec regulation-fasb-gaap

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