Question: Describe the U.S. financial reporting environment including the following: a. Forces that impact the content of statutory financial reports b. Rule-making bodies and regulatory agencies

Describe the U.S. financial reporting environment including the following:

a. Forces that impact the content of statutory financial reports

b. Rule-making bodies and regulatory agencies that formulate GAAP used in financial reports

c. Users of financial information and what alternative sources of information are available beyond statutory financial reports

d. Enforcement and monitoring mechanisms to improve the integrity of statutory financial reports

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