A Perspective on the U.S. Public/Private-Sector Approach to the Regulation of Financial Reporting.
分析了美国财务报告监管体系中，联邦机构（SEC）与私营准则制定机构如何协作，帮助读者理解这一独特监管模式的实际运作。
Abstract The article provides insight into the functioning of the U.S. compliance system, in the context of the overall regulatory system for financial reporting. As a central element in that regulatory system, a federal government agency collaborates with a private-sector standard-setting body. To understand the U.S. regulatory system is to understand the working of the Securities and Exchange Commission (SE) and its relation to the accounting standard-setting body. The SEC is an independent federal regulatory agency that was established in 1934 by Congressional legislation. In addition, the SEC has generally adhered to a policy of relying on the private sector for leadership in establishing and improving accounting principles.