GAAP is primarily used in the United States. Many other countries use the International Financial Reporting Standards (IFRS) as their accounting method. The goal of GAAP is to standardize ...

The International Auditing and Assurance Standards Board and the International Ethics Standards Board for Accountants formally launched their sustainability assurance, reporting and ethics standards ...

Reviewed by Charlene Rhinehart What Is GAAP? Generally Accepted Accounting Principles, often known by the acronym GAAP, is a ...