Regulatory Bodies Essays

Submitted By jacemoore

Words: 335

Pages: 2

Open Document

Regulatory Bodies

There are nine regulatory bodies within the United States. The first one that most everyone knows about is the Internal Revenue Service (IRS). The body was created in 1913 to create and enforce the internal revenue laws. They ensure that all companies and individuals meet all of their tax responsibilities and make sure everyone is treated fairly and collect taxpayer’s money. Next is the Securities and Exchange Commission (SEC). Public companies are expected to follow the generally accepted accounting principles. They require all companies to report information about their financial statues. This allows all investors to have correct information on a business so they can invest if they chose to with accurate information. The next body is the Financial Accounting Foundation (FAF). This is a private sector. This body is responsible for overseeing the FASB and GASB, selecting their board members and making sure they have enough funding as they are a private sector. They are also responsible for educating people about new and improved standards. The Financial Accounting Standards Board (FASB) is responsible for setting up the standards for nongovernment financial accounting and reporting. The Governmental Accounting Standards Board (GASB). They are responsible for setting the GAAP for state and local governments. The also publish the guidelines for the new standards. Federal Accounting Standards Advisory Board (FASAB) is responsible for the

Essay On Regulatory Bodies

Regulatory Bodies – Are they good? In this Document I’ll be explaining the following… What are regulatory bodies? Who are they, who do they cover or regulate, how do they regulate the people or company, any strengths and weaknesses they have and finally an overall view on if I believe them to be doing a good enough job in making sure our children and young people are looked after. I have chosen to cover 4 different Regulatory bodies who work with children and young people. They are: Ofsted Teaching…

Words 1359 - Pages 6

Accounting Standard Setting And Regulatory Bodies

1. Accounting standard setting and regulatory bodies a. The purpose of the US Securities and Exchange Commission is to protect investors against fraudulent practices, maintain stable and efficient markets, and facilitate capital formation by enforcing securities laws enacted by Congress. Elisse B. Walter is Chairman of the SEC. The Commissioners are Luis A. Aguilar, Troy A. Paredes, and Daniel M. Gallagher. None of them have a background in accounting nor do any of them have a CPA license…

Words 1891 - Pages 8

Essay on CYPOP5 Task 1 Outline the current legislation covering home based childcare and the role of regulatory bodies

regulating home based child carer’s and the role of Ofsted the regulatory body All people working with children are governed by legislation that is in place to protect your children and the child care provider. In this document I have listed four important legislations that are of particular importance to home based child care providers and noted how I aim to incorporate them into my practice. Child care practitioners also have a regulatory body; in England it is Ofsted. This document gives you a brief…

Words 1724 - Pages 7

The Payment Services: Add PSD Agent Act

• ‘PI’ refers to Payment Institution • ‘EEA’ refers to European Economic Area Please return the form by e-mail to ‘psd-agent@fsa.gov.uk’ Telephone: +44 (0)845 606 9966 Website: http://www.fsa.gov.uk/paymentservices Address: Regulatory Transactions & Systems Support The Financial Services Authority 25 The North Colonnade Canary Wharf London E14 5HS Registered as a Limited Company in England and Wales No 1920623. Registered Office…

Words 3264 - Pages 14

Study of Tesco Essay

defining a market? Defining a market is one of the first, and one of the most important, steps that a regulatory body makes when decided how to approach a microeconomic problem or situation. The main interest of a regulatory body is a market is at its maximum efficiency, whether this is through expansive Government influence, or a more hands off, laissez-faire approach. A regulatory bodies’ main responsibility is to protect market stakeholders, through the promotion of fair and efficient competition…

Words 512 - Pages 3

Unit 25 P4 Research Paper

Unit 25- P4: Explain the role of professional organisations in supporting the provision of complementary therapies. In this piece of work, it will be looking at regulatory bodies from different councils which have individuals who are under those which require them to be abiding by their ‘set of rules’. The role of a regulatory body is to regulate the practice which healthcare individuals perform, along with ensuring the standards of qualifications and their practice is being met. The Nursing and…

Words 2592 - Pages 11

What Are The Regulatory System

products regulatory agency 8. GDC – General dental Council 9. NHS TDA – National health Service trust development agency 10. PHE – Public health England 11. NICE – National institute for clinical excellence 12. MRC – Medical Research council 13. NIHR – National Institute for Health Research 14. Professional standards agency 15. HTA – Human tissue Authority 16. HFEA – Human fertilisation and embryology authority 17. Health Watch England What they are? GMC, NMC, GDC and HPC are all regulatory bodies…

Words 809 - Pages 4

Sport: Law and Statutory Law- Statutory Essay

with important appeals from the court of appeal. European court of justice- all decisions made within this court have to be made and agreed upon by all members of state. This is the highest court in Europe. Below are different laws and regulatory bodies and laws that are in place in this country. Civil Law- civil law is citizen’s rights and does not involve the police. An example of civil law would be say a group of people hired out a five a side football pitch and the manager or owner did…

Words 343 - Pages 2

Tee-Beat Stakeholders

bibliographies and roles on the development of the product, Heart Condition Monitoring T-shirt (HCMT) are being analysed. The major stakeholder groups include the Company, Tee-Beat Co., collaborating company, International health associations, government regulatory bodies, hospital, research institutes and patients. Tee-Beat Co. is led by a skilled management team with capability in biomedical and electrical technology. People in Tee-Beat Co are the main participants for the development and contribution to the…

Words 973 - Pages 4

Irinotecan Ethical Issues

happened. This essay discuss the ethical considerations of irinotecan in the treatment of rectal cancer in clinical practice involved in the patient, their family, medical practitioner, the health insurance companies paying for the treatment, regulatory bodies and pharmaceutical…

Words 1494 - Pages 6