In 1996, through the joint efforts of the Treasury, OMB, and GAO, a body of generally accepted accounting principles (GAAP) covering most transactions was promulgated for the Federal government.
The Federal Government promulgated GAAP in 2010.
mnli hypothesis: The Federal Government promulgated GAAP in 2010. premise: In 1996, through the joint efforts of the Treasury, OMB, and GAO, a body of generally accepted accounting principles (GAAP) covering most transactions was promulgated for the Federal government.