This codification is recognized by the Securities and Exchange Commission (SEC) as authoritative guidelines. The Accounting Research Bulletins were superseded by the Accounting Standards Codification (ASC) which became effective after September 2009. However, some of its points have been integrated into Generally Accepted Accounting Principles (GAAP). The first was an American Institute of Accountants (AIA) Read more about U S. GAAP Codification of Accounting Standards Guide by AccountingINFO.com[…]