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Frauds and Scams > GAAP (Generally Accepted Accounting Principles)
The following information is about GAAP (Generally Accepted Accounting Principles).
GAAP (Generally Accepted Accounting Principles) Defined
Detailed rules and procedures as defined by accepted accounting practices. Although the principles were established by the Accounting Principles Board, the board has since been superseded by the Financial Accounting Standards Board (FASB), a self-regulatory organization.
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