Within a U.S.context, the applicable financial reporting framework is typically _______.
A)Generally Accepted Accounting Principles (GAAP)
B)International Standard on Quality Control (ISQC)
C)Auditing and Assurance Standards Board (AASB)
D)International Financial Reporting Standards (IFRS)

Question

Quizplus · Accepted Answer

Generally Accepted Accounting Principles (GAAP) is the financial reporting framework used in the United States.