Examlex
Levels of history obtained include:
GAAP
Generally Accepted Accounting Principles, a common set of accounting rules and standards for financial reporting.
Material Departure
A significant deviation or divergence from expected, customary, or defined standards or practices, often in financial reporting or auditing.
SEC
The Securities and Exchange Commission, a U.S. government agency responsible for regulating the securities markets and protecting investors.
Accounting Principles
Accounting principles are the rules and guidelines that companies must follow when reporting financial data.
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