Foundations of Business - Standalone book (MindTap Course List)
Foundations of Business - Standalone book (MindTap Course List)
4th Edition
ISBN: 9781285193946
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
Question
Chapter 15, Problem 11CC
Summary Introduction

To determine: The major reason do audits and GAAPs serve in today’s business world.

Introduction: Generally Accepted Accounting Principles (GAAP) is a collection of accounting principles and normal industry use that have been produced over numerous years. GAAP is additionally considered as the standard in bookkeeping.

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