Gwen is in charge of accounting at Integrity Insurance Company.Integrity is a publicly-traded insurer.In describing her job,Gwen said,"There aren't too many businesses where you are required to keep two sets of book." Gwen's comment most likely refers to her company

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The requirement to keep two sets of books is a common practice in the insurance industry. One set of books is prepared using GAAP accounting, which is used for financial reporting to shareholders, and the other set is prepared using statutory accounting, which is required by state insurance regulators. The two sets of books have different accounting principles and serve different purposes.

Gwen Is in Charge of Accounting at Integrity Insurance Company