What are the sources of pressure that change and influence the
development of GAAP?
I know this...
80.2K
Verified Solution
Link Copied!
Question
Accounting
What are the sources of pressure that change and influence thedevelopment of GAAP?
I know this is a broad question. I believe it would beorganizations like the SEC, FASB, or AICPA that influence GAAP'sdevelopment. I just wanted to hear an experts take on the answer. Ireally appreciate if the answer can be as detailed and specific aspossible. Thanks!
Answer & Explanation
Solved by verified expert
4.1 Ratings (767 Votes)
Some of the sources of pressure for changes in GAAP are Individual companies Some big companies and influential persons tend to influence the changes as per their convinience Though not from front but the back door deals in name of political
See Answer
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!