FASB Accounting Standards | Reporting Standard Definition

FASB Accounting Standards

FASB Accounting Reporting Standard

Financial Accounting Standards Board. Since 1973, the FASB has been the designated organization in the private sector for establishing standards of financial accounting and reporting. The standards govern the preparation of financial reports. They are officially recognized as authoritative by the Securities and Exchange Commission (Financial Reporting Release No. 1, Section 101) and the American Institute of Certified Public Accountants (Rule 203, Rules of Conduct, as amended May 1973 and May 1979).

The mission of the FASB 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.

Related to FASB Accounting Reporting Standards:

• Geographical Hedge Fund Guides
• Hedge Fund Employment Guide
• Financial Certification
• Investment Book
• Hedge Fund Terms and Definitions

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