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Examen
Sophia Tutorial Accounting Governance,
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---4octubre 20232023/2024A+
- This tutorial will cover governing principles in accounting, as well as the range of governing bodies 
involved in regulating accounting practices. 
Our discussion breaks down as follows: 
1. Governing Principles 
2. Governing Bodies 
3. Federal Agencies 
1. Governing Principles 
Let's begin by discussing governing principles in accounting, specifically GAAP and IFRS, exploring what they 
are and the differences between them. 
Generally Accepted Accounting Principles 
(GAAP) 
International Fina...
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