Problem
1. Discuss the significance of the SEC's .ASR 150.
2. What has been the SEC's role in the evolution of the rule-making' process? Why do you think it has generally kept a low profile?
3. What were the-politics that -led -to the demise of both the, CAP and the APB?
4. The FASB's standard-setting procedure is a fairly narrow and cut-and dried approach to developing accounting standards." Do you agree with this statement? Comment.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.