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Who Created GAAP?

Answer

The Financial Accounting Standards Board (FASB) created GAAP (Generally Accepted Accounting Practices). These principles are standardized guidelines used throughout the discipline.
1 Additional Answer
The GAAP, or Generally Accepted Accounting Principles, are accounting rules followed by businesses, nonprofit organizations, and the government. They were first developed by accountants and auditors, specifically the American Institute of Certified Public Accountants, and later overseen by the FASB, or Financial Accounting Standards Board. You can find out more information here: en.wikipedia.org
Q&A Related to "Who Created GAAP?"
I found this posted at: http://business.library.emory.edu/info/a… -------------------------- "Who Sets Accounting Standards? The Financial Accounting Standards Board (
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The GAAP rules are created and maintained by a nationally centred group of qualified accountants. When new or amended GAAP rules are prepared they are submitted to the entire population
http://www.dlcma.ca/faqs.asp
First, download the codification files from the XBRL US web site, then open up your XBRL creation software tool and download the 2009 US GAAP Release. When you select an element in
http://xbrl.us/taxonomies/Pages/FASBcodification_F...
Death!
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