Five so-called broad principles of accounting were prepared by the AICPA's Special Committee on Cooperation with the Stock Exchange and approved by the NYSE's Committee on Stock List in 1932. They were to be followed by all firms listed on the exchange.
Subsequently, these principles (along with a sixth item) were codified of ARB 43 and two principles from ARS 7 are available in the text.
Terms such as principles of accounting have been used frequently since 1932. Describe what you think the principles might be. Do any of the principles coming from ARB 43, or ARS 7 qualify as principles as you have construed them? How similar are these two partial groups of principles?