Answer:
The answer is b) generally accepted accounting principles
Explanation:
GAAP implies a series of procedures, principles and procedures that companies and their contacts must follow when they write the financial statements. Consult both the rules imposed by regulators, and the accepted principles for transmitting accounting information. The main objective of the GAAP is to establish a basis in the transmission of accounting information, so that it can be interpreted by all. The GAAP principles are mainly used in the United States, since in Europe the regulators affected another set of standards, such as IFRS (International Financial Reporting Standards).
