Answer:
Unlike Generally Accepted Accounting Principles (GAAP) for accountants, there are not principles, standards, concepts, or values common to business ethics is a FALSE statement.
Explanation:
- The GAAP has a wide range of applications owing to the unanimous addition of functions to the discipline of accountancy.
- Other than GAAP, certain countries and businesses follow the accounting methods given by 'other comprehensive basis of accounting' (OSBOA).
- Some businesses choose to follow both at once, while the majority choose to follow either of them.
