The Internet is a good place to get information that is useful to you in your study of accounting.

For example, you can find information about accounting firms, standard setters, and regulators.

Instructions

a. The largest U.S. accounting firms are referred to as the Big 4—Deloitte, Ernst & Young, KPMG, and PricewaterhouseCoopers. Find the Internet sites of these four firms and learn what you can about the types of services provided by the firm.

b. The Public Company Accounting Oversight Board (PCAOB) was created by the Sarbanes- Oxley Act to oversee auditors of public companies. Find the PCAOB’s Internet site and learn what you can about the PCAOB’s four major activities.

c. The Financial Accounting Standards Board (FASB) is the designated accounting standard setter in the U.S. Find the FASB’s Internet site and identifies the FASB’s board members including a brief description of their backgrounds.

d. The International Accounting Standards Board (IASB) is the body that issues International Financial Reporting Standards. Find the IASB’s Internet site and identify the IASB’s board members including a brief description of the backgrounds of five board members.