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, or GAAP, is a set of standards used by accountants across all areas of business and industry in the United States. This standardizes presentation of financial records and tax documents to make paperwork easier to interpret.