The length of validity for U.S. passports depends on the age of the passport holder when the passport was obtained and the type of passport issued.
What are 'Generally Accepted Accounting Principles - GAAP'. Generally accepted accounting principles (GAAP) are a common set of accounting principles, standards and procedures that companies must follow when they compile their financial statements.
Generally accepted accounting principles (GAAP) are the guidelines and standards used in financial accounting and reporting all non-government organizations. They are the universal standard by which all financial accounting and reporting must conform.