The Generally Accepted Accounting Principles (GAAP) serve as a cornerstone of corporate governance and investor confidence in the United States. Established and maintained by the Financial Accounting Standards Board (FASB), GAAP provides a consistent framework for financial reporting, ensuring transparency, accuracy, and comparability across companies and industries.
The Generally Accepted Accounting Principles (GAAP) play a critical role in shaping financial statement analysis for companies operating in the United States. Established and maintained by the Financial Accounting Standards Board (FASB), GAAP provides a consistent framework for financial reporting, enabling stakeholders to evaluate a company's financial health and performance accurately.