According to the NZ Framework, the objective of general purpose financial reporting of a for-profit entity is t "... to provide financial information about the reporting entity that is useful to existing and potential investors, lenders and other creditors in making decisions about providing resources to the entity." REQUIRED: + a Explain the difference between general purpose financial reporting and special purpose financial reporting b. According to the Financial Reporting Act 2013, general purpose financial reporting should be prepared in compliance with GAAP. Briefly explain what compliance with GAAP' means