Generally accepted accounting principles are developed by

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Generally accepted accounting principles (GAAP) are developed by the Financial Accounting Standards Board (FASB), an independent organization funded by private sector businesses. The Securities and Exchange Commission (SEC) can influence GAAP through its oversight role, but it does not directly develop them. Congress and the New York Stock Exchange (NYSE) also do not have a role in developing GAAP.

Generally Accepted Accounting Principles Are Developed by