Wat betekend GAAP?

Algemeen aanvaarde boekhoudprincipes (ook wel Generally Accepted Accounting Principles, kort GAAP) refereert aan het standaardraamwerk van richtlijnen voor financiële verslaggeving zoals vastgelegd in een jurisdictie. Boekhouders volgen deze principes bij het opstellen van een jaarrekening.

What is the difference between GAAP & GaAs auditing?

The Securities and Exchange Commission (SEC) requires that the financial statements of public companies are examined by external, independent auditors. 1  While GAAP outlines the accounting standards that companies must follow, GAAS provides the auditing standards that auditors must follow.

What are ‘generally accepted accounting principles – GAAP’?

What are ‘Generally Accepted Accounting Principles – GAAP’. GAAP is a combination of authoritative standards (set by policy boards) and the commonly accepted ways of recording and reporting accounting information. GAAP improves the clarity of the communication of financial information.

What does an audit auditor do?

Auditors are tasked with determining whether the financial statements of public companies follow generally accepted accounting principles (GAAP). GAAP is a set of accounting standards that companies must follow when reporting their financial statements.

What are GAAP-compliant financial statements?

The SEC requires that publicly traded companies in the U.S. regularly file GAAP-compliant financial statements in order to remain publicly listed on the stock exchanges. GAAP compliance is ensured through an appropriate auditor’s opinion, resulting from an external audit by a certified public accounting (CPA) firm.

The Securities and Exchange Commission (SEC) requires that the financial statements of public companies are examined by external, independent auditors. 1  While GAAP outlines the accounting standards that companies must follow, GAAS provides the auditing standards that auditors must follow.

What are ‘Generally Accepted Accounting Principles – GAAP’. GAAP is a combination of authoritative standards (set by policy boards) and the commonly accepted ways of recording and reporting accounting information. GAAP improves the clarity of the communication of financial information.

Auditors are tasked with determining whether the financial statements of public companies follow generally accepted accounting principles (GAAP). GAAP is a set of accounting standards that companies must follow when reporting their financial statements.

The SEC requires that publicly traded companies in the U.S. regularly file GAAP-compliant financial statements in order to remain publicly listed on the stock exchanges. GAAP compliance is ensured through an appropriate auditor’s opinion, resulting from an external audit by a certified public accounting (CPA) firm.

De afkorting GAAP staat voor Generally Accepted Accounting Principles. In het Nederlands: Algemeen aanvaarde boekhoudprincipes. Bij het opstellen van een jaarrekening worden deze principes gevolgd door boekhouders. Elk land kan zijn eigen GAAP hebben, de IFRS is de GAAP van de EU.