Show:
Prior to 1930
Formative Years:
1930 - 1946
Postwar Period:
1946 - 1959
Modern Period:
1959 - Present
100
What accounting organization was formed in 1886?
The American Association of Public Accountants
100
Who did the AICPA work with to establish the firm formal attempt to develop GAAP?
NY Stock Exchange
100
What was the main concern in the accounting profession during this time period?
Changing price levels
100
When was the Sarbanes-Oxley Act (SOX) passed?
2002
200
When did "Certified Public Accountant" become a professional designation?
1896
200
When was the SEC created?
1934
200
During this time period, other than the SEC, what organization most accounting standards?
CAP
200
What does FASB stand for?
Financial Accounting Standards Board
300
When did the AAPA become the American Institute of Accountants (AIA)?
1916 The AIA then became the AICPA in 1957
300
What is the main purpose of the SEC?
To administer the Securities Act of 1933 and the Securities and Exchange Act of 1934
300
What was the main conflict between the SEC and CAP about?
All-inclusive income statement vs. current operating performance
300
What is the purpose of FASB?
To establish standards of financial accounting and reporting