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Auditing and accounting practices denote all the audit attests, accounting overview, and various other services for which the standards have been set by the AICPA, that is, the American institute of certified public accountants.

Generally accepted attesting principles are used to overview the company’s financial statement conducted by acertified public accountant (CPA). It is the duty of the CPA to give an attestation report with the findings and conclusions about the reliability of data.

Government audit and attest policies are the policies set under which the auditor general gives attestation to the correctness of the financial statements of the firm and of various other interested parties annually.

Generally accepted accounting principles, commonly known as GAAP, refer to the rules, conventions, and procedures necessary to define accounting practice at a particular time; they include both broad guidelines and relatively detailed practices and procedures.

Generally accepted accounting principles, GAAP, sets the standards, principles, and procedures as issued by the financial accounting standards boards (FASB).

Option (d) is the correct answer as the term GAAP is derived from generally accepted accounting principles.