reply to I do believe that a qualified EVM process will address the Generally Accepted Accounting Principles (GAAP). According to Fernando, "the generally accepted accounting principles (GAAP) are a set of accounting rules, standards, and procedures...Public companies in the U.S. must follow GAAP when their accountants compile their financial statements. (Fernando, 2024)". The elements of GAAP include revenue recognition, materiality, and balance sheet classification. All aspects in which a company needs to be proficient. Rodriguez explains, "One of the inputs EVM uses to obtain an indicator about the cost performance of projects is the cost incurred by the project until a certain date. (Rodriguez, 2010)". This aspect of EVM hits the four main points categorized in the GAAP of recognition, measurement, presentation, and disclosure