Examlex
Which of the following best describes the transfer of political values?
GAAP
Generally Accepted Accounting Principles; these are the standard set of accounting rules, standards, and procedures that companies use to compile their financial statements in the United States.
IFRS
International Financial Reporting Standards, a set of accounting guidelines that govern how financial statements should be reported around the world.
Auditing
The examination of financial statements by a certified public accountant in order to express an opinion as to the fairness of presentation.
CPA
Certified Public Accountant, a professional designation given to accounting professionals in numerous countries around the world after completing a study course and passing an examination.
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