Accounting Regulations
Accounting regulations refer to the rules and guidelines established by governing bodies, such as the Financial Accounting Standards Board (FASB) and the Securities and Exchange Commission (SEC), that dictate how financial information should be recorded, reported, and disclosed by organizations. These regulations are put in place to ensure transparency, accuracy, and consistency in financial reporting, as well as to protect investors and stakeholders from fraudulent activities. Compliance with accounting regulations is mandatory for all publicly traded companies and is essential for maintaining the integrity of financial markets.
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