Generally accepted accounting principles (gaap) are currently formulated by the a. american institute of certified public accountants (aicpa). b. institute of management accountants (ima). c. financial accounting standards board (fasb). d. securities and exchange commission (sec).

Generally Accepted Accounting Principles (GAAP) are currently formulated by  the Financial Accounting Standards Board (FASB)

Explanation:

Generally Accepted Accounting Principles (GAAP) are accepted accounting principles. These principles must be followed for companies when they make their financial statements.  GAAP are currently formulated by the Financial Accounting Standards Board (FASB).  The FASB is the institution whose stablish the accounting rules.

no because it could make the world a terrible place to live in.

a) they had recently endured the tyranny of the british king, parliament, and its royal