Financial Accounting Standards Board (FASB)

Wednesday, March 28, 2012

Independent US body responsible for establishing and interpreting the GAAP mainly for use in the North America. Its accounting standards, generally speaking, result in greater transparency and ease of analysis of a firm's finances than the accounting standards of several other countries. The comparable UK body is Accounting Standards Board (ASB).


Photo: soxfirst.com
Source: dictionary.com

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