This pack of ACC 230 WEEK 1 DISCUSSION QUESTIONS comprises: DQ1: Go to the SEC’s Web site and the FASB Web site. Identify the mission and main activities of each organization. Then, discuss the similarities and differences between the roles of each entity. Which entity has more influence over financial statement reporting? Explain your answer. DQ2: Summarize at least two provisions of the law, and discuss your interpretation of these provisions with your classmates. Do you believe this law will make financial statements more reliable? Also, discuss how Sarbanes-Oxley establishes boundaries to ensure ethical practices. What does the law allow or prohibit, and why?
