Other comprehensive basis of accounting

Other Comprehensive Basis of Accounting (OCBOA) in United States accounting refers to a system of accounting other than GAAP. As explained in the Journal of Accountancy, under Statement on Auditing Standards (United States) No. 62, Special Reports, an OCBOA is any one of: A statutory basis of accounting (for example, a basis of accounting that insurance companies use under the rules of a state insurance commission).

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