Introduction to Financial Services: Accounting and Auditing Regulatory Structure, U.S. And International [Updated January 6, 2020] [open pdf - 423KB]
From the Document: "This In Focus provides an overview of how accounting and auditing standards are created and regulated in the private sector, the federal government, and state and local governments. Different accounting and auditing standards evolved in the private and public sector to address the specific needs of their respective stakeholders. This In Focus also discusses two policy issues that might be of interest to Congress and investors."
CRS In Focus, IF10701
Congressional Research Service: https://crsreports.congress.gov/