Generally Accepted Accounting Principles (GAAP) are currently formulated by the A. American Institute of Certified Public Accountants (AICPA). B. Institute of Management Accountants (IMA). C. Financial Accounting Standards Board (FASB). D. Securities and Exchange Commission (SEC).

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Social Studies

Lambert

11 November, 10:01

Generally Accepted Accounting Principles (GAAP) are currently formulated by the A. American Institute of Certified Public Accountants (AICPA). B. Institute of Management Accountants (IMA). C. Financial Accounting Standards Board (FASB). D. Securities and Exchange Commission (SEC).

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Nia Maynard · Answer 1

Generally Accepted Accounting Principles (GAAP) are currently formulated by the Financial Accounting Standards Board (FASB)

Explanation:

Generally Accepted Accounting Principles (GAAP) are accepted accounting principles. These principles must be followed for companies when they make their financial statements. GAAP are currently formulated by the Financial Accounting Standards Board (FASB). The FASB is the institution whose stablish the accounting rules.