Generally accepted accounting principles, or GAAP, essentially impact every item on a qualifying financial statement. Most companies and organizations follow GAAP when creating financial statements.

Discover what auditing evidence is and learn its characteristics. See examples of how auditing evidence ensures financial ...

Learn what an onerous contract is, regulations for reporting them, and examples. Explore how IFRS and GAAP differ in handling these unfavorable contracts.

IN CERTAIN INSTANCES CPAs SHOULD CONSIDER preparing and reporting on financial statements using an “other comprehensive basis of accounting” (OCBOA). Tax-basis and cash-basis, including ...

Ed Gaudet is the CEO and Founder of Censinet, a healthcare risk management platform, and member of the Health Sector Coordinating Council. Cybersecurity has become as essential to a company’s ...

The purpose of the document includes providing insights into two key business segments of Celanese, namely Engineered Materials and the Acetyl Chain. The Company occasionally discloses non-GAAP ...

SAS stands for Statements on Auditing Standards. These laws and regulations are not directly related to generally accepted accounting principles, or GAAP, which is the most important factor in ...