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2025/2026 Wall Street Prep EXAM What is the primary purpose of US GAAP? - ANSWERS-What is the primary purpose of US GAAP? In the US, the Securities and Exchange Commission ("SEC") authorizes the Financial Accounting Standards Board (
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---294enero 20262025/2026A+
- 2025/2026 Wall Street Prep EXAM 
What is the primary purpose of US GAAP? - ANSWERS-What 
is the primary purpose of US GAAP? In the US, the Securities 
and Exchange Commission ("SEC") authorizes the Financial 
Accounting Standards Board ("FASB") to determine the set of 
accounting rules followed by publicly traded companies. 
Under FASB, financial statements are required to be prepared in 
accordance with US Generally Accepted Accounting Principles 
("US GAAP"). 
Throug...
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