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)
Accounting Principles Board
Trueblood Report
Generally Accepted Accounting Principles (GAAP)
See All Related Terms »

trickle-down economics
balance sheet audit
open trade equity
professional fees