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Today's accounting profession has been shaped by many milestones. These include the Securities Act of 1933 and 1934, the creation of the Financial Accounting Standards

Today's accounting profession has been shaped by many milestones. These include the Securities Act of 1933 and 1934, the creation of the Financial Accounting Standards Board in 1973, the accounting scandals that have occurred in the past few decades that led to the passing of the Sarbanes-Oxley Act of 2002, and many others. In this discussion, choose a major milestone (it can be one mentioned above or any milestone that you believe has had a profound effect) and explain its overall impact on the accounting profession. Be sure to begin your post by identifying and describing the milestone you are discussing.

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