GAAS vs GAAP in Financial Reporting
GAAP sets accounting rules; GAAS sets the standards auditors follow to verify them.
Priya Kowalski
Features Editor
Priya Kowalski is a features editor at Accounting Letter covering financial statement audit. Based in Cape Town, Priya has written for Accounting Letter since 2023.
1 story · Cape Town
GAAP sets accounting rules; GAAS sets the standards auditors follow to verify them.