Usually the SEC accepts the accounting and reporting standards promulgated by the FASB. However, in recent years the FASB and SEC have had some disagreements regarding particular reporting issues and their importance.
Required
Identify one area where the FASB and SEC have disagreed over a reporting issue in the last 20 years. Describe the issue and the outcome.

Question

Quizplus · Accepted Answer

The Answer of Usually the SEC accepts the accounting and reporting standards promulgated by the FASB. However, in recent years the FASB and SEC have had some disagreements regarding particular reporting issues and their importance.
Required
Identify one area where the FASB and SEC have disagreed over a reporting issue in the last 20 years. Describe the issue and the outcome.

Usually the SEC Accepts the Accounting and Reporting Standards Promulgated