Monday, November 24, 2008

Committee on Accounting Procedure CAP

Committee on Accounting Procedure CAP 1939-1959

  • First private body interested in writing accounting rules
  • Creation Encouraged by SEC
  • Issued 51 Accounting Research Bulletins to accounting professionals
  • Consisted of members who were practice certified public accountants (CPAs)
  • Acted upon accounting problems when they began to occur

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