Which Organizations Have Established a Hierarchy of GAAP for Financial

question 80

Essay

Which organizations have established a hierarchy of GAAP for financial statements preparers?
List one category A and one category B item for each organization.

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Definitions:

Core Values

Fundamental beliefs or principles that guide an organization's or individual's actions and decision-making.

Codes Of Ethics

A set of principles and rules used by individuals or organizations to guide behavior in accordance with moral and ethical standards.

Guidelines

Recommendations or principles that suggest a course of action or standard behavior.

Interpersonal Communication

The process of exchanging information, thoughts, and feelings between people through verbal or non-verbal means.