Proper accounting rules (GAAP) are bookkeeping norms gave by public administrative bodies. Likewise, the International Accounting Standards Board (IASB) issues the International Financial Reporting Standards (IFRS) executed by 147 countries.[1] Standards for worldwide review and affirmation, morals, training, and public area bookkeeping are good to go by autonomous standard settings sheets upheld by IFAC. The International Auditing and Assurance Standards Board sets worldwide norms for examining, affirmation, and quality control; the International Ethics Standards Board for Accountants (IESBA) [51] sets the universally proper standards based Code of Ethics for Professional Accountants; the International Accounting Education Standards Board (IAESB) sets proficient bookkeeping training standards; [52] and International Public Sector Accounting Standards Board (IPSASB) sets accumulation based global public area bookkeeping principles [53]