________ are rules and procedures governing the content and form of financial reports.
A) Accounting society rules
B) Generally accepted accounting principles (GAAP)
C) National guidelines
D) The Auditor's Bible
E) The Rules of the Road

Question

Quizplus · Accepted Answer

Generally accepted accounting principles (GAAP) are the rules and procedures governing the content and form of financial reports in the United States. These principles have been developed over time by various accounting boards and organizations and are widely recognized as the standard for financial reporting.

________ Are Rules and Procedures Governing the Content and Form