Analyze the primary way in which Emerging Issues Task Force (EITF) influences Generally

Write a four to five (4-5) page paper in which you:1.Analyze the primary way in which Emerging Issues Task Force (EITF) influences GenerallyAccepted Accounting Principles (GAAP). Based on your analysis, recommend one (1)improvement that the EITF could take in order to more effectively influence GAAP.2.From the Description and Status of Current Issues section of the FASB Website, choose one(1) of the current issues, and analyze the EITF’s conclusion(s). Based on your analysis, make atleast two (2) recommendations that would enhance the EITF’s conclusion(s). Provide a rationaleto support your recommendation.3.From the Exposure Drafts and Public Comment Documents section of the FASB Website,choose one (1) public comment on the most recent exposure draft issued by EITF. Analyze thechosen public comment, and give your opinion on whether or not you agree with the commenter.Support your position with at least two (2) examples.4.Imagine that your company has tasked you with proposing a new agenda item for the EITF toconsider. Create a scenario for one (1) accounting issue that you would propose, and support thatproposal with a brief statement of the issue(s).5.Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and otherWebsites do not quality as academic resources.

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