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Sophia Tutorial Accounting Governance,
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4
October 2023
2023/2024
A+
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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