Problem
1. "Since the FASB is independent from the AICPA, the latter is no longer concerned with standard setting and related issues." Comment on this statement.
2. What is the relationship between the National Commission on Fraudulent Financial Reporting and Private Securities Litigation Reform Act of 1995?
3. What is the difference between joint and several liability and proportionate liability?
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.