Description Term or Phrase 1. An assessment of whether financial statements follow GAAP. 2. Amount a business earns in excess of all expenses and costs associated with its sales and revenues. 3. A group that sets accounting principles in the United States. 4. Accounting professionals who provide services to many clients. 5. Principles that determine whether an action is right or wrong.

See explanation

Explanation:

1. An assessment of whether financial statements follow GAAP. = Audit

2. Amount a business earns in excess of all expenses and costs associated with its sales and revenues. = Net income

3. A group that sets accounting principles in the United States. = Financial Accounting Standard Board (FASB)

4. Accounting professionals who provide services to many clients. = Public accountant

5. Principles that determine whether an action is right or wrong.= Ethics

these are the four factors that influence enterpreneurship development

1. economic development

2. culture

3.technological development

4. education