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Whatever the case, adherence to GAAP is not legally required, though it still offers benefits to businesses. states comply with GAAP, the degree of compliance varies. This makes reading, interpreting, and communicating financial reports more accessible and transparent, which can also protect investors from fraud or misleading information. The Securities and Exchange Commission (SEC) recommends public companies, government offices, and nonprofit organizations in the United States use GAAP when they file their financial reports. GAAP combines standards set by boards, such as the Financial Accounting Standards Board (FASB), and commonly used methods of recording and compiling accounting data. Exclusive Discounts Find deals and discounts only available through REtipster.Professional Directories Find professional contacts, recommended by others in REtipster community.Coaches Our hand-picked list of experienced, trustworthy and reliable coaches.Tools Tested & proven online resources for real estate investors.Testimonials Our members get results! See what happens to those who take action.Templates Get the exact creative assets you need to get the job done.Packages Dive in deep and master the subject matter you’re most interested in.Courses Individual courses to help you start and level up your business.Terms Library Develop your business acumen as a real estate investor.Land Investing Action Plan Solve the 5 Mistakes that Keep Investors Stuck.Podcast Hear about profitable investing strategies and success stories.FREE Workshop Learn How to 10X Your Income As a Land Investor!.Blog Learn from the latest how-tos, reviews, insights and more!.