1. Identify the level of government that regulates the accounting profession and the relevant law(s) which confers such authority to regulate the accounting profession on that level of government. (2 Marks)

2. Explain the regulatory difference between an accounting clerk/bookkeeper and an accountant? (1 Mark)

3. Identify the current professional accounting designation in Ontario. (1 Mark)

4. Identify the regulatory body for the accounting designation in your answer to question 3 and relevant law(s) which confers such authority to regulate the accounting profession on that regulatory body. (2 Marks)

5. Name TWO (2) decisions that the regulatory body in your answer to question 4 has the authority to make over its members. (2 Marks)

6. Name an example of how the regulatory body in your answer to question 4 protects the public. (2 Marks)

Answer rating: 100% (QA)

Answer The US Securities and Exchange Commission has the legal authority to provide oversight and regulation of the accounting profession However SEC ... View the full answer