Lucille,an accountant,is subject to the ac?counting conventions,rules,and procedures that constitute generally ac?cepted accounting principles (GAAP).GAAP are determined by

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GAAP are determined by the Financial Accounting Standards Board (FASB), a private sector organization designated by the Securities and Exchange Commission (SEC) to establish accounting standards for public companies in the United States. While the other entities listed may have some influence or involvement in accounting standards and regulations, the FASB is the primary authoritative source for GAAP in the US.

Lucille,an Accountant,is Subject to the Ac?counting Conventions,rules,and Procedures That Constitute