This pack of ACC 230 WEEK 1 DISCUSSION QUESTIONS comprises:
DQ1:
Go to the SECs Web site and the FASB Web site. Identify the mission and main activities of each
organization. Then discuss the similarities and differences between the roles of each
entity. Which entity has more influence over financial statement reporting? Explain your
answer.
DQ2:
Summarize at least two provisions of the law and
discuss your interpretation of these provisions with your classmates. Do you believe this
law will make financial statements more reliable? Also discuss how Sarbanes-Oxley
establishes boundaries to ensure ethical practices. What does the law allow or prohibit
and why?