Eastern Washington University The Politics of Accounting Standard Setting Discussion

Objectives

1. Critically evaluate the current accounting standard-setting process and identify its strengths and weaknesses.
2. Synthesize and summarize conflicting points of view about a controversial topic.
3. Clearly communicate your thoughts and ideas in a clear and concise manner.
4. Practice your written communication skills including the ability to write persuasively in a document free of spelling and grammatical errors.
5. Examine the political influences on the accounting standard-setting process.
6. Form a reasoned opinion about whether accounting standard-setting should remain in the private sector.

Assignments

In a 2-3 page, double-spaced paper, summarize the views expressed by the authors in this week’s assigned reading list. Explain your position about who should set accounting standards in the United States and provide a well-reasoned argument to support your view.