Why was the GAAP created?

Related questions

1. What is a covered person audit?
2. What is an advocacy threat?
3. Why is being independent important?
4. What is an unqualified report?
5. What is the main reason for ethical guidelines?
6. Who is a covered person?
7. Who sets auditing standards for public companies?
8. What is an adverse opinion?
9. What makes an auditor independent?
10. What are the classes of audit?

Tags

1. #companies
2. #crash
3. #stock
4. #participants
5. #following
6. #accounting
7. #standards
8. #practices
9. #granted
10. #publicly
11. #established
12. #major
13. #market
14. #authority
15. #commission
16. #regulate
17. #government
18. #exchange
19. #traded
20. #sought
21. #first
22. #other
23. #securities