019.00.20 Ark. Code R. § 002 - Rule 1 "Definitions"

1.9 GENERALLY ACCEPTED ACCOUNTING PRINCIPLES

"Generally accepted accounting principles" shall be deemed and construed to mean accounting principles or standards generally accepted in the United States. For purposes of these rules, generally accepted accounting principles are considered to be defined by pronouncements issued by the Financial Accounting Standards Board and its predecessor entities and similar pronouncements issued by other entities having similar generally recognized authority.

Notes

019.00.20 Ark. Code R. § 002

Adopted by Arkansas Register Volume MMXX Number 12, Effective 5/28/2020