accounting standards, accounting system, double entry bookkeeping and financial accounting

GAAP: What It Is and Why Your Investors Expect It

inDinero Accounting

JUNE 29, 2023

The history of GAAP dates back to 1929 when the Committee on Accounting Procedure was founded by the American Institute of Accountants and tasked with developing uniform accounting standards. But what are these components that make up this essential system?

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GAAP: What It Is and Why Your Investors Expect It

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