Is the accounting standards setting in the United States public/private approach? Are the standards set by private sectors and enforced through governmental agencies?
By: angel_rat_83
By: angel_rat_83
What model describes the accounting standard setting in the United States?
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I think what you are asking about is GAAP – Generally Accepted Accounting Principles. I don’t know who is ultimately in charge of determining those principles, I just remember learning about them in my single accounting class for my MBA.
You may want to post this question in the Homework section of the Education and Reference category.
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