Accounting MCQ Accounting The body of rules and procedures that guide the measurement and communication of financial accounting information in the United States is known as:

The body of rules and procedures that guide the measurement and communication of financial accounting information in the United States is known as:

Naim 03:36 Accounting

The body of rules and procedures that guide the measurement and communication of financial accounting information in the United States is known as:

A) Standards of Professional Compliance (SPC).

B) Generally Accepted Accounting Principles (GAAP).

C) Generally Accepted Auditing Standards (GAAS).

D) Rules of Financial Reporting (RFR).

Answer: B

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