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Your individual written assignment for the first week of this course is to write
Your individual written assignment for the first week of this course is to write a 3-page response (double-spaced) to the Bratton (2007) article on the Financial Accounting Standards Board. Your response paper should definitely not recount what was in the reading. Your response needs to be your reaction to what you read. How do you now feel about the independence and authority of the Financial Accounting Standards Board? Do you think U.S. CPAs favor rules-based accounting standards to avoid potential liability? Do you think the Financial Accounting Standards Board is truly independent? What do you think of the FASB′s Conceptual Framework?
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