For this week’s assignment, you will need to complete an APA formatted annotated bibliography and an outline for your Accounting Standard Information paper. (You don’t turn in the actual paper until Week 06.) As background for your bibliography and outline:Research the history of the accounting standard setting process and the current standard used by the country that you have selected.Your outline should provide a map for your Week 06 paper in which you discuss how accounting standards are set (including a brief history), the influences of economic, and political, financial and cultural factors in the standard setting process, and the future of the standard setting process.Also, measure the potential impact of ethical issues on stakeholders if the company does not follow the country’s laws.Your APA formatted bibliography and outline come out of your early research for the project.Please include at least 4 resources in your annotated bibliography. You should use only credible sources for your research.Credible sources are reliable, accurate, and trustworthy. These sources are written by authors respected in their fields of study (all scholarly sources are credible sources). You want to identify sources where the author of the article is listed, if they’ve referenced other information, the sources should be cited so that you can check for the accuracy of and support what they have written. Wikipedia is not considered a credible source. Use APA formatting to document your sources.