Which principles encompass the conventions,rules,and procedures for determining acceptable accounting and financial reporting practices at a particular time?

A) SOX
B) IASB
C) GAAP
D) FASB

GAAP

Generally Accepted Accounting Principles, a collection of commonly followed accounting rules and standards for financial reporting.

Accounting and Financial Reporting

The process of recording, summarizing, and reporting the financial transactions of a business to provide an accurate picture of its financial position and performance.