财务会计理论(司可脱)PPT文件Standard Setting in the US- student version.pptVIP

Standard Setting in the US A Review of Historical Developments and The Search for Accounting Principles Supply Demand for Accounting Theories - Watts Zimmerman (1979) The first formal GAAP - 1933 Cooperative effort between AICPA predecessor and NYSE See ARB No. 43 Ch 1 for the 6 principles Formation of SEC - 1934 Special Committee on Development of Accounting Principles (1933-1936) Replaced by CAP Evolution of U S Standard Setting Enforcement of Standards CAP – no mechanism APB – no mechanism until 1964 AICPA Code of Ethics Rule 203 FASB Also enforced through Code of Ethics SEC SOX Current