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Accounting information resources.

What Are Standards?

Standards are conventions, rules, and procedures necessary to define acceptable accounting practice at a particular time.

Standards Issuing Bodies


GAAP, or Generally Accepted Accounting Principles, are a set of guidelines for companies to aid in preparing financial statements according to a standard.

GAAS, or Generally Accepted Auditing Standards, are auditing standards for auditors to help ensure transparent and unbiased auditing.