Ethics & Standards
Generally Accepted Accounting Principles
The common language of financial reporting, and how we use it so your statements mean the same thing to everyone who reads them.
The Common Language of the Numbers
Generally Accepted Accounting Principles are the shared framework that governs how financial statements are recognized, measured, presented, and disclosed in the United States. Set by the Financial Accounting Standards Board and organized into the Accounting Standards Codification, GAAP is what lets someone who never kept your books read them with confidence: it builds in comparability across companies, consistency from one period to the next, and figures a third party can verify.
When statements are described as prepared in accordance with GAAP, that is a claim lenders, investors, and regulators rely on. We hold the work to the framework as it actually exists, not an approximation of it, so the label you put on your statements is one you can defend. If you want the detail behind a specific topic, ask us; this is ground we cover every day.