Financial Accounting Standards Board

Report this page

Firms
Financial Accounting Standards Board
Address:
PO Box 5116, Norwalk, CT 06856-5116, USA
Sponsors
Corporate Phone
2038470700
Website
http://www.fasb.org

Since 1973, the Financial Accounting Standards Board (FASB) has been the designated organization in the private sector for establishing standards of financial accounting. Those standards govern the preparation of financial statements. They are officially recognized as authoritative by the Securities and Exchange Commission (SEC) (Financial Reporting Release No. 1, Section 101, and reaffirmed in its April 2003 Policy Statement) and the American Institute of Certified Public Accountants (Rule 203, Rules of Professional Conduct, as amended May 1973 and May 1979). Such standards are important to the efficient functioning of the economy because investors, creditors, auditors, and others rely on credible, transparent, and comparable financial information.

The SEC has statutory authority to establish financial accounting and reporting standards for publicly held companies under the Securities Exchange Act of 1934. Throughout its history, however, the Commission’s policy has been to rely on the private sector for this function to the extent that the private sector demonstrates ability to fulfill the responsibility in the public interest.

People who visit 'Financial Accounting Standards Board' also found interest in following Accounting firms . . .

Australian Accounting Standards Board (AASB)

The Australian Accounting Standards Board (AASB) is an Australian Government agency under the Australian Securities and Investments Commission Act 2001. Under that Act, the statutory functions of the AASB are: to develop a conceptual framework for...

American Institute of Certified Public Accountants

Helping the CPA profession stay on top of the change curve is what the CPA Vision Process is all about. With direct grassroots input from CPAs across the nation and support from the professional organizations that act on their behalf, the CPA Vision...

Arthur Bell Certified Public Accountants

At Arthur Bell, we provide audit, tax, accounting and consulting services to the hedge fund, securities, and managed futures industries. Our clients include investment partnerships, advisors and principals. In our firm, the key to exceptional client...

Capstone Financial Consultants Inc. CPAs

Capstone Financial Consultants, Inc CPA's is a CPA firm in Westerville, Ohio providing excellent accounting, tax and management consulting services to businesses and individuals. Their firm's reputation for providing quality service reflects the...

EVO Accounting & Financial Services, Inc.

To provide a high level of satisfaction for our customers by providing quality accounting and financial services, while assisting our clients in the successful operation of their businesses through the implementation of cost-effective methods and...

Genesis Financial Group Llc

Genesis Financial is a full-service professional real estate firm with more than fourteen years of consulting, acquisition, development and property/asset management experience. Focused solely on the US Federal Government Agency real estate market...

Pars Financial Corporation

Their mission is to help clients maintain financial viability in the present while taking a proactive approach to achieve future goals. This requires open communication to reach an understanding of their clients’ needs, thorough research, and sound...