Since 2007 more foreign private issuers have opted to use IFRS accounting standards when filing U.S. financial reports, a ...

White & Case attorneys discuss the changing scope of the internal accounting controls provision under Section 13(b)(2)(B) of ...

New study explores why foreign firms listed in the U.S. choose between IFRS and U.S. GAAP. The research finds that firms strategically weigh the ...

The Governmental Accounting Standards Board issued questions and answers to help explain certain pronouncements to stakeholders.

Generally Accepted Accounting Principles (GAAP) GAAP are the accounting principles that all regulated U.S. entities, including publicly traded companies, government agencies, and nonprofits, must ...

You may wonder how this can happen when the Fed’s balance sheet is audited by an independent accountant (currently KPMG). As the auditors make clear every year, they do not examine the Fed’s books ...

Centuries later, generally accepted accounting principles (GAAP) were born. Each country has slightly different principles and reporting requirements that encompass GAAP, but, for the most part, GAAP ...

Here is the question at hand: Are Tesla and the government “related parties” for purposes of generally accepted accounting principles? The answer would appear to be yes, as wild as that might ...

CORK, Ireland—With a leadership change on the horizon, Johnson Controls International (JCI) reported strong numbers in fiscal Q1 2025, which certainly pleased outgoing Chairman and CEO George Oliver.

Principles of GAAP GAAP accounting principles are key concepts you can use to understand broader topics. Many accounting textbooks, courses, and educators cite 10 to 12 foundational ideas.