Financial Accounting Standards Board (FASB)
The self-regulatory body for the accounting industry. FASB is comprised of seven members from the accounting field. Their primary function is to develop and publish the Generally Accepted Accounting Principles (GAAP), which establishes standards for preparing and auditing corporate financial reports. See GAAP. On the Web at
Browse by Subjects
self-regulatory organization (SRO)
Trueblood Report
conceptual framework
Accounting Principles Board
See All Related Terms »

Macro risk
cost driver
death benefit
prospective PE ratio
purchase fee