After reading case 1-1 Standard Setting: “A Political Aspect” in the textbook, write an essay that includes the following elements:

1. A formal introduction.
2. Answers to questions (a) through (d) of the case, focusing on the role of accounting standard setting in the private sector.
3. A conclusion.

Your submitted paper should be at least 2-3 pages long and written according to CSU-Global Guide to Writing and APA Requirements, following APA style, and properly referenced.

Note that the textbook author is citing a source in this case, which must be considered when forming your references and citations.