Very similar to the private sector accounting standards known as (refer to) Generally Accepted Accounting Practice (GAAP) these are public sector accounting standards.
What is GENERALLY RECOGNIZED ACCOUNTING PRACTICE (GRAP)?
- GENERALLY RECOGNIZED AS SAFE
- GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP)
- FINANCIAL ACCOUNTING STANDARDS BOARD (FASB)
- ACCOUNTING PRACTICE
- INTERNATIONAL ACCOUNTING STANDARDS (IAS)
- ACCOUNTING PRINCIPLES BOARD
- CHANGE IN ACCOUNTING PRINCIPLE
- NFP ACCOUNTING STANDARDS
- ACCOUNTING STANDARDS BOARD (ASB)
- GENERALLY IMPLIED
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