Business Finance Homework Help

I’m studying for my Accounting class and don’t understand how to answer this. Can you help me study?

Discuss the potential view that the costs of establishing and maintaining accounting standards enforcement bodies in every country around the world are likely, in most countries, to exceed the benefits. Why have several countries around the world recently introduced auditor oversight bodies-in your opinion, is this a positive or a negative development for the respective country capital markets and for the respective country auditing profession?