Artificial intelligence is a topic of many science fiction tales in which it has dangerous consequences. In reality, the use of AI is assisting all kinds of industries and helping workers thrive against all kinds of economic factors. In accounting, AI enables greater focus on human interaction, making it chiefly important in customer communication and … Read more
The Financial Accounting Standards Board (FASB) was established in 1973. FASB is an independent body. It is located in Norwalk, Connecticut, United States. The FASB established the accounting and financial standards for the private and public companies as well as not for profit organizations following GAAP (Generally Accepted Accounting Principles). The Securities and Exchange Commission … Read more
The US Congress created the Securities and Exchange Commission through the Securities Exchange Act of 1934. This act empowers the Securities and Exchange Commission and grants it broad authority over all the aspects of the securities industry. Securities Industry in the United States Traditionally, three types of organizations have been a part of the securities … Read more
Role of Information Technology in Financial Reporting and Management. How do banking and finance sector stand to gain from Information technology? Information technology has continued to play an important role in the growth of the business industry in the 21st century. The advent of computers, IT and the Internet has … Read more
What was the role of the corporate culture of Enron in giving rise to the century’s worst financial scandal? How it shaped the disaster that gave birth to the SOX? At the turn of the 21st century, the biggest scandal rocked the financial world. The Enron scandal turned out to be one of the worst cases … Read more
