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What are the sources of pressure that change and influence the development of GAAP? I know this...

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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!

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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
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