GAAP US definition

GAAP US means United States generally accepted accounting principles.
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GAAP US shall be and mean accounting principles and practices generally accepted in the United States of America, together with the standards of the Public Company Accounting Oversight Board (United States), which assesses the accounting principles used and evaluates the overall presentation of financial statements and schedules from time to time, all applied on a basis consistent from year to year except for changes required by such principles and practices from time to time.
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GAAP US means United States generally accepted accounting principles as in effect from time to time.
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Examples of GAAP US in a sentence

  • The Statutory Financial Statements, the workpapers converting such statements to US GAAP, US dollar amounts and the Group Financial Statements shall be provided to the Seller as soon as they have been drawn up.

  • The Buyer Financial Statements have been prepared in accordance with GAAP US applied on a consistent basis throughout the periods involved, subject, in the case of the Buyer Interim Financial Statements, to normal and recurring year-end adjustments (the effect of which will not be materially adverse) and the absence of notes (that, if presented, would not differ materially from those presented in the Buyer Annual Financial Statements).

  • Newcourt has devised and maintains a system of internal accounting controls sufficient to provide reasonable assurances that (x) transactions are executed in accordance with management's general or specific authorization; and (y) transactions are recorded as necessary (A) to permit preparation of financial statements in conformity with Canadian GAAP, U.S. GAAP or any other criteria applicable to such statements and (B) to maintain accountability of assets.

  • GAAP: U.S. generally accepted accounting principles consistently applied.

  • All financial statements to be provided to such holder of Preferred Shares pursuant to this Section 1.1(a) shall include at least an income statement, a balance sheet and a cash flow statement for the relevant period as well as for the fiscal year-to-date and the analysis comparing the actual fiscal results to the annual budget, and shall be prepared in English and Chinese, and shall be prepared in conformance with the PRC GAAP, U.S. GAAP or IFRS (as requested by the holder of Preferred Shares).

  • Compusul has devised and maintains a system of internal accounting controls sufficient to provide reasonable assurances that (a) transactions are executed in accordance with management's general or specific authorization, and (b) transactions are recorded as necessary (i) to permit preparation of financial statements in conformity with Brazil GAAP, US GAAP or any other criteria applicable to such statements and (ii) to maintain accountability for assets.

  • Such books shall reflect all Company transactions in accordance with GAAP, U.S. Federal (and applicable State and local) income tax Law or other applicable Law if the Law requires a particular set of books of account to reflect a different methodology; provided, that the Capital Accounts of the Members shall be maintained in accordance with Section 3.6.

  • Architel has devised and maintains a system of internal accounting controls sufficient to provide reasonable assurances that (i) transactions are executed in accordance with management's general or specific authorization; and (ii) transactions are recorded as necessary (A) to permit preparation of financial statements in conformity with Canadian GAAP, US GAAP or any other criteria applicable to such statements and (B) to maintain accountability for assets.

  • Solect has devised and maintains a system of internal accounting controls sufficient to provide reasonable assurances that (A) transactions are executed in accordance with management's general or specific authorization; and (B) transactions are recorded as necessary (1) to permit preparation of financial statements in conformity with Canadian GAAP, US GAAP or any other criteria applicable to such statements and (2) to maintain accountability for assets.