Financial Accounting Standards Board (FASB)

Financial Accounting Standards Board (FASB) - The FASB is a private body whose mission is to "establish and improve standards of financial accounting and reporting for the guidance and education of the public, including issuers, auditors and users of financial information." The FASB publishes the Generally Accepted Accounting Procedures (GAAP).FASB was created in 1973, replacing the Accounting Principles Board and the Committee on Accounting Procedure of the American Institute of Certified Public Accountants before it.

[Category=Data Governance ]

Source: The Data Governance Institute, 07 December 2009 09:04:49, http://www.datagovernance.com/glossary-governance/

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Financial Accounting Standards Board (FASB) - FASB was created in 1973, replacing the Accounting Principles Board and the Committee on Accounting Procedure of the American Institute of Certified Public Accountants before it. The FASB is a private body whose mission is to "establish and improve standards of financial accounting and reporting for the guidance and education of the public, including issuers, auditors and users of financial information." The FASB publishes the Generally Accepted Accounting Procedures (GAAP).

[Category=Information Management ]

Source: Information-Management.com, 19 June 2010 09:59:06, http://www.information-management.com/glossary/f.html