What is a chance recently implemented by FASB that required a company to change its accounting principal? How did it impact the companies financial statements?

What is the primary purpose of internal controls in an Accounting Information System (AIS )? a) To generate financial statements b) To ensure data accuracy and integrity c) To facilitate decision-making processes d) To comply with tax regulations

Is accounting regulation here to stay? If so, why? If not, what event(s) do you thinkwould lead to the deregulation of accounting?

Differentiate between Financial Accounting and Management Accounting. Why doyou think financial reports are subject to regulation, whereas management accountingreports are not?