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Distinguish between generally accepted auditing standard and generally accepted accounting principle?

general standards field work of standards reporting standards


What are the most common accounting standards?

The most common accounting standards are the ones that one can find in the Generally Accepted Accounting Principles (GAAP), those are a group of accounting standards very common and widely accepted.


What is business norms?

Business standards, rules, and objectives commonly accepted.


What is nonconforming behavior?

Actions or activities that deviate from the accepted standards and mores of a society.


What is credentailing?

an objective evaluation of a persons qulifications to meet nationally accepted standards


Who formulated the General accepted accounting principles?

Financial Accounting Standards Board


A common set of accounting standards and procedures are called?

GAAP - Generally Accepted Accounting Principles


What are heresies?

Opinions, doctrines, or practices contrary to the truth or to generally accepted beliefs, teaching or standards.


What is the purpose of the Financial Accounting Standards Board?

The purpose of the Financial Accounting Standards Board is to develop (GAAP) generally accepted accounting principles in the US that are in the public's interest.


What is the purpose of a financial accounting standards board?

The purpose of the Financial Accounting Standards Board is to develop (GAAP) generally accepted accounting principles in the US that are in the public's interest.


What is public conformity?

Conformity is action or behavior in corresponding with socially accepted standards, conventions, rules, and laws.


What standard is a standard generally accepted by the industry but not authorized by any official standards organization?

de facto