Lady Godiva Accounting Principles

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Lady Godiva Accounting Principles

A theoretical system of accounting that would disclose information not required to be disclosed under the generally accepted accounting principles (GAAP). LGAP include all off-balance sheet items, among other things. They were devised in the wake of the Enron scandal, and while the Sarbanes-Oxley Act of 2002 improved accounting transparency in the United States, the LGAP remain largely theoretical.
References in periodicals archive ?
The LGAP is a partnership involving a range of different bodies, businesses and individuals aimed at conserving the geological heritage of the area and helping local people and visitors to understand and enjoy it.
The aim of the LGAP is to safeguard the geology and landscapes across the region, from Wirral to the Peak District.