1. Is GAAP enough to protect investors? 2. Is there a solution to this problem? ...

Question:

1. Is enough to protect investors?
2. Is there a solution to this problem?

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...