Financial Accounting Standards Board

American  

noun

1. an independent organization founded in 1973, responsible chiefly for establishing generally accepted accounting principles. FASB

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Example Sentences

It’s also worth noting that the start of the stock market’s decade-long recovery from the Global Financial Crisis—and the easing of “fair value” rules by the Financial Accounting Standards Board—occurred within a month of each other.

From Barron's

The Financial Accounting Standards Board, the accounting standard-setter, hasn’t received any requests to address general accounting issues around data-center arrangements, a spokeswoman said.

From The Wall Street Journal

New requirements set by the Financial Accounting Standards Board in 2023 recently took effect.

From The Wall Street Journal

The Financial Accounting Standards Board, which sets accounting rules for U.S. companies and nonprofits, has no projects on the standard-setting agenda to explore requiring a breakdown of construction in progress, Chair Rich Jones said.

From The Wall Street Journal

The rule, issued in 2004 by the Financial Accounting Standards Board, requires firms to charge stock options against earnings.

From The Wall Street Journal