Financial Accounting Standards Board

= FASB
In the USA, a non-government body founded in 1973 with the responsibility of promulgating generally accepted accounting principles (GAAP). This is achieved by the issue of Statements of Financial Accounting Standards, which practising certified public accountants are expected to follow. Owing to the FASB's close relationship with the Securities and Exchange Commission, US companies that desire a market listing have to comply with the standards it issues.

Accounting dictionary. 2014.

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  • Financial Accounting Standards Board — Infobox Non profit Non profit name = Financial Accounting Standards Board Non profit Non profit type = founded date = 1973 founder = location = Norwalk, Connecticut origins = Board Members = Robert H. Herz, ChairmanGeorge J. Batavick,… …   Wikipedia

  • Financial Accounting Standards Board — Das Financial Accounting Standards Board (FASB) ist ein us amerikanisches, privatrechtlich organisiertes Rechnungslegungsgremium.[1] Es hat die Zielsetzung festzulegen was United States Generally Accepted Accounting Principles (US GAAP) für… …   Deutsch Wikipedia

  • Financial Accounting Standards Board — Le Comité des normes comptables et financières, plus connu sous son nom anglais de Financial Accounting Standards Board ou sous son acronyme de FASB, est une association à but non lucratif, non gouvernementale, dont le but est de développer les… …   Wikipédia en Français

  • Financial Accounting Standards Board — FASB The U.S. accounting standards setting organization. Based in Norwalk, CT, the FASB was established in 1973 as successor to the *Accounting Principles Board. The FASB’s Web site states that its mission is to establish and improve standards of …   Auditor's dictionary

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  • Financial Accounting Standards Board —   Commonly known as the FASB. This body stipulates the way in which financial products are to accounted for by financial institutions. For example the FASB stipulates that swap credit exposure will be accounted for based upon the net value …   International financial encyclopaedia

  • Financial Accounting Standards Board — FASB The US body that sets accounting standards. Owing to its close relationship with the Securities and Exchange Commission, companies that wish for a market listing have to comply with its standards …   Big dictionary of business and management

  • Financial Accounting Standards Board — Independent board with responsibility to establish and interpret Generally Accepted Accounting Principles …   Black's law dictionary

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