All companies attempting to comply with GAAP should refer to the Securities and Exchange Commission for guidance as it supersedes all AICPA,PCAOB,FASB and EITF literature.

Question

Quizplus · Accepted Answer

The SEC provides guidance for public companies, but GAAP is primarily established by the FASB. The SEC does not supersede all other accounting literature for GAAP compliance.

All Companies Attempting to Comply with GAAP Should Refer to the Securities