Accounting: Administrative agencies

Accounting: Administrative agencies Essay example
High school
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Finance & Accounting
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All existing administrative agencies are established by Article 1 Section 1 of the constitution which reads: “all legislative powers herein granted shall be vested in a Congress of the United States…

Introduction

Administrative agencies deal with specific issues that may require expertise. All existing administrative agencies are established by Article 1 Section 1 of the constitution which reads: “all legislative powers herein granted shall be vested in a Congress of the United States.” Another clause in the 8th section of the article 1 says that the Congress shall have power “to make all laws which shall be necessary and proper for carrying into execution the foregoing powers, and all other powers… in any department of officer thereof.” Examples of administrative agencies include Central Intelligence Agency, Environmental Protection Agency, Commodity Futures Trading Commission, Federal Election Commission, Federal Trade Commission, Securities and Exchange Commission. An overview of the Securities and Exchange Commission (SEC) The United States Securities and Exchange Commission (abbreviated SEC) is a federal agency whose primary role or responsibility is to enforce the federal securities laws and to regulate the securities industry, stock and options exchanges and other electronic securities markets in the U.S. It was created by section 4 of the Securities Exchange Act of 1934, commonly referred to as the 1934 Act. . ...
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