Critically evaluate the current accounting standard-setting process and identify its strengths and weaknesses.

I’m working on a accounting writing question and need an explanation and answer to help me learn.

OBJECTIVES
Critically evaluate the current accounting standard-setting process and identify its strengths and weaknesses.
Synthesize and summarize conflicting points of view about a controversial topic.
Clearly communicate your thoughts and ideas in a clear and concise manner.
Practice your written communication skills including the ability to write persuasively in a document free of spelling and grammatical errors.
Examine the political influences on the accounting standard-setting process.
Form a reasoned opinion about whether accounting standard-setting should remain in the private sector.
ASSIGNMENTS
In a 2-3 page, double-spaced paper, summarize the views expressed by the authors in this week’s assigned reading list. Explain your position about who should set accounting standards in the United States and provide a well-reasoned argument to support your view.
All 5 readings are required.

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