Explain the role of the FASB in monitoring and controlling business reporting and accounting practices

Explain the role of the FASB in monitoring and controlling business reporting and accounting practices in the modern organization. In what ways do FASB rules limit business practices and reporting financial information? How do such rules and regulations protect the business and public stakeholder communities? To whom is the FASB accountable and who appoints members to FASB?

Your paper must:

Identify the main issues in the chosen area and accurately respond to each of the questions from the chosen area.
Build upon class activities by referencing new learning that has occurred.
Present specific current and/or future applications and relevance to the typical workplace

Guidelines for Writing the Final Paper

Paper must be seven to ten (7-10) double-spaced pages in length, exclusive of Appendix, References, Exhibits, etc.
Formatted according to APA style as outlined in the approved APA style guide (including title page and reference list).
Must include an introductory paragraph with a succinct thesis statement.
Must address the topic of the paper with critical thought.
Must conclude with a restatement of the thesis and a conclusion paragraph.
Must include at least three other appropriately documented, related articles drawn from the University’s library (excluding your textbook).
Must include, on the final page, a Reference Page.