United States GAAP

Write a 3 – 5 page paper discussing how U.S. GAAP aims to protect the users of accounting information. In this paper, you should make sure to address the following items: • What is U.S. GAAP? What body creates U.S. GAAP, and what is their objective with respect to U.S. GAAP? • To what type of accounting information does U.S. GAAP apply (financial accounting, managerial accounting, etc.)? • Who are the users protected by GAAP (investors, creditors, employees, government, etc.)? • Identify some specific ways that U.S. GAAP offers protection to users of accounting information.