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Preventing misapplication of GAAP standards

ThomsonReuters

To help ensure that financial reporting is transparent and investors have the most accurate and timely information they need to make informed investment decisions, public companies must disclose certain financial, and other information, to investors. What are the GAAP standards? What happens if you violate GAAP?

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Friday Footnotes: Accounting AI Explodes; SOX Compliance Sux; KPMG Gets on a List | 6.17.22

Going Concern

World-wide, startups making AI-powered accounting software amassed $233.3 million in venture capital between January and the end of March, surpassing the $210.2 million in funding for all of 2021, according to research provider PitchBook Data Inc.