Why Accounting Information Is Important (cont.)
{"Image DocumentName": "Why Accounting Information Is Important (cont.)", "Image ImageDescription": "What is an audit? An examination of a company\u2019s financial statements and accounting practices. Generally accepted accounting principles (GAAPs)\u2014 an accepted set of guidelines and practices for U.S. companies reporting financial information and the accounting profession. The FASB (Financial Accounting Standards Board) is developing a new set of standards combining those of GAAP and the International Financial Reporting Standards. An audit does not guarantee that a company has not cooked the books.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}