Ken Skarbeck, an Indian expertise highlights this problem, says "Companies report their earnings as net income, a figure calculated according to generallyaccepted accounting principles."
For the rest, he says, the benefits of switching from America's generallyaccepted accounting principles are minimal and will not justify the costs.
他说,至于其他的,从美国公认会计原则得到的好处是级微的,而且资产得不到证明。
3
If that were to happen it could potentially pave the way for the abandonment of U.S. generallyaccepted accounting principles, the foundation of the U.S. financial reporting system.