Question: Please answer the question below, and also add references as well. Thanks. Financial statements are based on generally accepted accounting princi- ples ( GAAP )

Please answer the question below, and also add references as well.

Please answer the question below, and also add references as well. Thanks.

Thanks. Financial statements are based on generally accepted accounting princi- ples (

Financial statements are based on generally accepted accounting princi- ples ( GAAP ) and are audited by CPA firms . Do investors need to worry about the validity of those state - ments ? Explain your

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