Accountants follow generally accepted auditing accounting standards and generally accepted accounting principles (GAAP). Distinguish between the GAAS
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Accountants follow generally accepted auditing accounting standards and generally accepted accounting principles (GAAP). Distinguish between the GAAS and GAAP.
- What professional organization establishes the GAAS and what is its purpose?
- What professional organization establishes the GAAP?
- Can GAAS exist without GAAP and/or vice versa and why is this so?
- Do GAAS and GAAP have different agendas and why is each needed?
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: ?978-0073379609
15th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
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