Your reply needs to be at least 200 words in length, use peer-reviewed sources or the text to support your response. Personal opinion alone will not earn credit. You can include personal opinion, work experience to support your response, but be certain to use some type of peer-reviewed source(s) or the text to support your response. Dot com sources may not earn any credit, so please avoid them. Anyone may use a dot com source, and that is not considered scholarly. Please understand that I alone determine if your post is substantive. Each response must be 200 words with only peer reviewed and scholarly references.

1.  Differentiate between users, purpose, and content of financial statements. Why is this important?

2.  Address the 3 items that comprise the regulatory environment (SEC, FASB, and the Sarbanes-Oxley Act). What are some positive and some negative elements of these 3? Do these 3 affect your organization? Include some positive and negative of each item as they apply to your organization.

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