“Accounting is the means by which information about an enterprise is communicated and, thus, is sometimes called the language of business. Many different users have need for accounting information in order to make important decisions. These users include investors, creditors, management, governmental agencies, labor unions, and others. Because the primary role of accounting information is to provide useful information for decision-making purposes, it is sometimes referred to as a means to an end, with the end being the decision that is helped by the availability of accounting information. Thus with the help of accounting the organization achieves this purpose to provide information to the stakeholder of the organization. These stakeholders then make important decisions relating to the organizations. Thus governing body is required to regulate the accounting profession and the standards. It will help in providing fair, objective and transparent dissemination of accounting data by......

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Title: Accounting Regulatory Bodies Paper
Approximate Word Count: 873
Approximate Pages: 4 (250 words per double-spaced page)

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