An Evaluation of Sec Accounting Policies and Regulation

John Evans contends that the regulatory relationship that has evoh'ed between the SEC and tie accounting profession has resulted in satisfactory accounting standards by enabling the goternment to utilze the expertise within the accounting profession at linted expense to the governnent. He supports the Conussion's position that the accounting profession should be given the opportiunit to self -regulate. but cautions that constant involvenent on the part of the SEC is necessary. In his conclusion. Ev'ans makes several recommendations for inprovuig self-regulation.