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Regulatory bodies
Numerous regulatory bodies oversee corporate finances and financial institutions, and each one warrants its own book (in fact, the role and regulations encompassing each regulatory body span volumes of books of information). I obviously can’t fit all that information in this book, so I just cover the basics of the main regulatory bodies here. Armed with their names and main purposes, you can do a quick online search to find out more about the ones that interest you most.
Securities and Exchange Commission (SEC): Sets the standards for corporate public financial reporting, the rules for investment, and the regulations for securities exchanges
Internal Revenue Service (IRS): Handles all tax reporting, tax accounting, tax collection, and pretty much all taxation issues other than determining the tax rates
Financial Industry Regulatory Authority (FINRA): A nongovernmental organization that’s in charge of setting and enforcing regulations among its member groups, which include brokerage firms and exchange markets