GAAP Pronounced "gap," an acronym for Generally Accepted Accounting Principles that must be observed in financial statements in order to get a clean opinion from the company's auditor's; a necessity in virtually every public offering. Conforming to GAAP may be painful for an entrepreneur if the company's bookkeeping has principally served to save on taxes. The common set of accounting principles, standards and procedures. GAAP is a combination of authoritative standards (set by policy boards) and the accepted ways of doing accounting.
Welcome to our Legal Directory Legal & Compliance, LLC is a national corporate and securities law firm that focuses on the specific needs of OTCBB and Bulletin Board Companies. Focus areas include but are not limited to: Contact us immediately for a complimentary initial consultation. Laura Anthony, Founding Partner
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