I need a clarification regarding US-GAAP. There are 32 standards set by ICAI in India and so far 15 IFRS has been framed. Likewise what is the base for US-GAAP. How many standards are there in US set by FASB or the governing authority in US.
Help would be much appreciated if any links could be provided for the same. Thank you.
02 July 2014
The US GAAP are now formulated in ASC (Accounting Standards Codification) where different topics are segregated in different codes (sections). For specific information, you can visit www.fasb.org or can reach an institute offering US GAAP training - www.avcls.com
CAclubindia
