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Guide to accountant responsibilities

ThomsonReuters

GAAP and AICPA Accounting professionals are no strangers to the GAAP (generally accepted accounting principles) accounting framework or the industry’s American Institute of CPAs (AICPA), which serves 698,000 members, students, and professionals in 188 countries and territories.  However, this is no longer the case.

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Top accounting issues in 2023

ThomsonReuters

Misapplication of GAAP standards For today’s accounting professionals, and all of those involved in financial reporting, p reparing financial statements that are in compliance with generally accepted accounting principles (GAAP) is essential. GAAP violations, such as errors or omissions, can be costly and can hurt credibility.

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