options sre audit, ethics, FASB, GAAP

Match each of the descriptions with the term or phrase it best reflects. Torm or Phrase Description 1. An international group that issues IFRS. 2. Amount a business carns 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