Final answer:
The SEC Codification includes GAAP standards for public companies in the U.S., featuring elements like Regulation S-X and S-K for financial and non-financial disclosures. These regulations exist to ensure market transparency and investor protection, originating from the establishment of the Federal Securities Act and the SEC.
Step-by-step explanation:
The SEC standards included in the Codification, specifically with the hint 'Regulation For Accounting I-S Emerging,' are a set of legal guidelines and regulations that public companies in the United States must follow to ensure transparency and fairness in the financial markets. The Codification is the single source of authoritative U.S. generally accepted accounting principles (GAAP) for public companies, and includes various aspects of regulation, including but not limited to, Regulation S-X (which outlines the form and content of financial statements), and Regulation S-K (dealing with non-financial statement disclosure requirements).
Moreover, the historical context provided by the establishment of the Federal Securities Act and the subsequent formation of the Securities and Exchange Commission (SEC) highlight the ongoing effort by the federal government to protect investors and maintain orderly market conditions by setting forth such standards through regulatory oversight.