4 ms·
Generally Accepted Accounting Standards (GAAP)
- zzalpha 10y agoGeneral accepted accounting principles. Geez, what did they think the P was for??
- brudgers 10y agoI suspect Mr. Wilson was referring to the fact that GAAP is incorporated by reference into financial reporting regulations as a required standard. The article is about the standard [i.e. GAAP] not providing a complete picture of some companies' finances.