Describe the two forces that primarily affect accounting information. Describes the role played by the SEC in the disclosure of financial information (financial reporting). What functions does the FASB perform? Describes the process of codification and issuance of pronouncements. What are the International Financial Reporting Standards (IFRS)? Lists and describes the six (6) principles of the AICPA Code of Professional Conduct. Explain and present reasons why accountants should be ethical in the performance of their duties and responsibilities.