What are the accounting standards or auditing standards are applicable to ur work?

Question

Accepted Answer

The accounting standards applicable to my work are generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS).

GAAP and IFRS are used to ensure financial statements are accurate and consistent
GAAP is used primarily in the United States, while IFRS is used globally
Both standards cover topics such as revenue recognition, inventory valuation, and financial statement presentation
Auditing standards, such as the Generally Accepted Auditing Standards (GAAS), are also applicable to ensure the accuracy of financial statements
Other standards, such as the Sarbanes-Oxley Act (SOX), may also be applicable depending on the industry and company

What are the accounting standards or auditing standards are applicable to ur work?

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