Describe and discuss the changes that have occurred within the prior 12 months

Go to a website that discusses FASB, SEC, IFRS, and so forth. Describe and discuss the changes that have occurred within the prior 12 months in the standards and rulings issued by one of these standard setting bodies. You could also incorporate the standards that are being contemplated through pending discussion drafts and explore documents. Your paper should be eight pages including a cover page and bibliography.