This is a graded discussion forum. Your first message should be posted by Wednesday. At least 3 comments are required. The best practice is to post at the beginning, middle, and end of the week.

Required:

The Week 1 Discussion consists of three separate questions. You will answer one or more of the following three questions.   

(1st question) Compare and contrast the development and use of GAAP and IFRS. Do you think the implementation of international accounting standards is feasible? Please explain.

(2nd question) Look at the origins and purposes of accounting and discuss how our society's development has been affected by its use. Could our society function as it currently does without accounting? Please explain.

(3rd question) What role does the Securities and Exchange Commission play in regulating accounting in the United States? Please explain.

Be sure to NOT USE non-credible sources such as dictionaries, wikipedia, accountingtools, accountingcoach and blogs.

MUST CITE WITHIN THE post. Please do NOT USE FIRST PERSON> NO BIG, LONG PARAGRAPHS.