《商法（英文）》business law 2017年新版FAR教材（带笔记）.pdfVIP

F1 2 F2 70 F3 117 F4 199 F5 284 F6 351 F7 429 F8 491 F9 553 F10 618 1 Financial Accounting Standards Cli ck to view 1.1 Standard-Sett ing Bodies in the United St ates In the United States, the Securities and Exchange Commission SE has the legal authority to establ ish U.S. general ly acce pted accounting princi ples (GAAP). However in rn instances, the SEC has al lowed the accounting profession to establ ish GAA an elf-regulate. The SEC and three different bodies of t he accounting profession have determined GAAP since 1934. 1.1.1 Securities and Excha nge Commission (SEC) The SEC was established by the Securities Exchange Act of 1934. All com panies that issue securities in the United States are subj ect to SEC ru les and regulations. The SEC has issued public com pany spec ific accounting ru les and reg ulations in Regulation S-X, Financial Reporting Re leases (FRR), Accounting Series Releases (ASR), Interpretative Releases (IR), Staff Accounting Bulletins (SAB), and EITF Topic D and SEC Observer comments.