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social science subjects > business and management > business ethics > finance ethics > Financial Accounting Standards Board
social science subjects > economics > economic concepts > regulations > Financial Accounting Standards Board

Preferred term

Financial Accounting Standards Board  

Definition

  • The Financial Accounting Standards Board (FASB) is a subsidiary of the Financial Accounting Foundation (FAF), an independent exempt organization. The FASB sets standards for financial accounting and reporting in the United States, a set of guidelines that constitutes an important component of generally accepted accounting principles (GAAPs). [Source: Encyclopedia of Business Ethics and Society; Financial Accounting Standards Board (FASB)]

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https://concepts.sagepub.com/social-science/concept/Financial_Accounting_Standards_Board

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