Problem
1. What are the arguments favoring regulation of financial reporting?
2. What are the arguments against regulation of financial reporting?
3. "Why is it difficult to evaluate the regulation question?
4. Why does accounting information have some features of a public good? What are the implications for information production in both unregulated and regulated markets?
5. Why can't optimal regulation be determined? If optimal accounting regulation cannot be determined, how can a regulatory body such as the SEC or FASB make good decisions?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.