Please see the attached rubric for evaluation my professor I need to get 10 full grade.
please read the attachment files then write one paragraph
note: no palagarasim, on time, excellent quality work
Please see the attached rubric for evaluation my professor I need to get 10 full grade.
please read the attachment files then write one paragraph
note: no palagarasim, on time, excellent quality work
Answer preview
The dynamic approach was developed in response to capital providers who demanded regular payments of dividends. It was necessary for government and professional bodies to intervene in accounting standards instead of letting theory-based accounting principles stand on their own to shape the behavior of individuals, government, and business. Initially, accounting theory played a crucial role in developing accounting practice and teaching, but it did not standardize the accounting practices (Baker, and Burlaud, 2015). The government and professional bodies were needed to enforce standardization of accounting practice and provision of financial information to the society. SEC emphasizes the issue of integrity, trust, and confidence. Firms should ensure that the financial information presented is not fudged in any way to entice potential capital investors. Firms. Secondly, the public company Accounting Oversight Board (PCAOB) has unveiled new rules (Auditor disclosure Rules). The new rules demand transparency in the audit. Firms should disclose the name of the audit engagement partner.
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