Accounting Standards financial reporting framework in the United States
The financial reporting framework in the United States is established under several laws and regulations, such as the Securities Exchange Act of 1934 (the Act), the Sarbanes–Oxley Act of 2002, and the Accounting Standards Codification issued by the Financial Accounting Standards Board (FASB). The Accounting Standards Codification, commonly known as the U.S. Generally Accepted Accounting Principles (U.S. GAAP), … Read more