answer the QUESTIONS FROM THE LINK BELOW (MIN 125 WORD)From the e-Activity, compare one (1) recently completed project to the old accounting standard, and predict the fundamental way in which the new standard will improve financial reporting. Provide support for your rationale.From the e-Activity, recommend two (2) internal controls that you would implement to ensure that corporations follow the new standard that you had explored in Part 1 of this discussion if you were given complete authority in the matter. Justify your response.Go to the Financial Accounting Standards Board (FASB) Website to review “Completed Projects by FASB,” located at http://www.fasb.org/cs/ContentServer?c=Page&pagename=FASB%2FPage%2FSectionPage&cid=1176156240004. Be prepared to discuss.
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