41. He recommended that Manitoba adopt a system of Generally Accepted Accounting Principles ( GAAP ). 42. All this was perfectly legal under generally accepted accounting principles , 3Com said at the time. 43. The AICPA Council designated FASAB as the body that establishes accounting principles for federal entities. 44. Most are prepared in accordance with generally-accepted accounting principles . 45. The company said it believes its bookkeeping was in line with generally accepted accounting principles . 46. No clear evidence has emerged that AOL Time Warner deviated from generally accepted accounting principles . 47. Homestore booked the funds as revenue, in violation of applicable accounting principles , the SEC determined. 48. Were generally accepted accounting principles ( GAAP ) followed? 49. Accounting principles for government entities are set by the Governmental Accounting Standards Board ( GASB)50. It is in accord with Generally Accepted Accounting Principles .