### Question
How does CENTRAL AMERICA FREE TRADE define generally accepted accounting principles?


### Answer
Under *19 U.S.C. § 4033*, **generally accepted accounting principles** is defined as:

> the recognized consensus or substantial authoritative support in the territory of a CAFTA–DR country with respect to the recording of revenues, expenses, costs, assets, and liabilities, the disclosure of information, and the preparation of financial statements

#### Citation:
  - *19 U.S.C. § 4033*
  - Heading: **CHAPTER 26-DOMINICAN REPUBLIC-CENTRAL AMERICA FREE TRADE > SUBCHAPTER II-CUSTOMS PROVISIONS**

