GAAP is the acronym for Generally Accepted Accounting Principles, there are two sets of principles, one for the United States and the other for the United Kingdom.
... The racial makeup of the town is 93.53% White, 1.36% African American, 0.15% Native American, 2.41% Asian, 0.03% Pacific Islander, 1.25% from other races, and 1.27% ...