Financial-Statements-accounting-homework-help

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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.