GAAP is no longer mandatory

Reading Time: < 1 minute for foreign companies listed in the US. But it IS still mandatory for US companies. Here are the news from MSNBC. Here is the Chinese version (from Caijing). GAAP is the US General Accepted Accounting Principle, vs. the international standard (US always like to have its own standard, isn’t it). I think this could reduce… Continue reading GAAP is no longer mandatory