What does RAP stand for?

Regulatory Accounting Principles

This definition appears very rarely and is found in the following Acronym Finder categories:

Business, finance, etc.

Other Resources:

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Samples in periodicals archive:

Accountability of the Accountants Epstein [1993] stated that accountants following (banking industry) Regulatory Accounting principles instead of generally accepted accounting principles contributed significantly to the S & L debacle.

Implications of the savings and loan debacle: lessons for the banking ...

Moreover, the GAO recommended the use of regulatory accounting principles as a temporary measure to strengthen generally accepted accounting principles.

Loan impairment subject of FASB proposal

Although the Institute recognizes the need for regulators to obtain information on a basis other than GAAP to fulfill their responsibilities, using regulatory accounting principles (RAP) in general purpose financial statements would require independent accountants to give qualified opinions due to lack of conformity with GAAP.

The FDIC Improvement Act: a precedent for expanded CPA reporting?