Match each of the descriptions with the term or phrase it best reflects.

$\backslash$table$[[$Description$,$Term or Phrase$],[1.$ An international group that issues IFRS.,$],[2.$ Amount a business earns in excess of all expenses and costs associated with its sales and revenues.,$],[3.$ An assessment of whether financial statements follow GAAP.,$],[4.$ A government agency that enforces proper use of GAAP.,$],[5.$ Principles that determine whether an action is right or wrong.,$]]$