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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Hebert

Social Studies

21 October, 02:06

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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Brianna Todd · 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.