Problem
1. A distinction was made in the chapter between MO types of regulation: (a) the refinement and standardization of financial statements and (b) expanded disclosure. Why is the distinction important in evaluating the regulation question?
2. Who pays for accounting regulation and who benefits?
3. Can accounting standards and policy making be neutral? In what sense is neutral tv really important?
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.