Are we closing the GAP on GAAP standards?

GAAP or Generally Accepted Accounting Standards Then again, maybe not. I might even be committing a faux pas just by referring to it as Big-GAAP/Little GAAP instead of its current euphemistic description, “differential standards.” After this past May’s creation of the Private Company Council (PCC) by the Financial Accounting Foundation (FAF) to identify exceptions for …

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