What is the applicable financial reporting framework in the U.S.known as?
A)GAAP
B)GAAS
C)IFRS
D)The Internal Revenue Code

Name: What is the applicable financial reporting framework in the U.S.known as? A)GAAP B)GAAS C)IFRS D)The Internal Revenue Code
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The applicable financial reporting framework in the U.S. is known as GAAP (Generally Accepted Accounting Principles). GAAP is a set of accounting standards and procedures that companies use to prepare their financial statements.

What Is the Applicable Financial Reporting Framework in the U