Question

Make your feedback on any related posts.

(a) John Dingell, senior member of the Democrat on the House Commerce Committee, has
expressed support for the controversial accounting standards for derivatives of
FASB and encourage the FASB to immediately ratify these standards. explain why
what a member of Congress feels obliged to respond to the proposed standards from the FASB.

(b) In a strong letter to Senator Lauch Faircloth (Republic-North
Carolina) and Chairman of the House Banking Committee Jim Leach (Republic of Indiana), American
The Institute of Certified Public Accountants (AICPA) questions government intervention
in the standard-setting process, and warned that such an intervention
policy of jeopardizing U.S. capital markets Describe how the government intervenes
could harm the capital market.​

Answer 1

Answer:

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