Established in 1973, the FASB is the independent, private-sector organization, based in Norwalk, Connecticut, that establishes financial accounting and reporting standards for public and private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles (GAAP). The FASB is recognized by the Securities and Exchange Commission as the designated accounting standard setter for public companies. FASB standards are recognized as authoritative by many other organizations, including state Boards of Accountancy and the American Institute of CPAs (AICPA). The FASB develops and issues financial accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to investors and others who use financial reports. The Financial Accounting Foundation (FAF) supports and oversees the FASB. The FASB comprises seven full-time board members that are appointed by the FAF Board of Trustees.

Subscribers: 4.2K   Videos: 178   Total views: 162.6K   Gravity: 57^*  

Channel URL: https://www.youtube.com/@fasbvideo
Channel Handle: @fasbvideo
Channel ID: UC2F_Y5aSRjoo9cr1ALcDisg
Channel's country: United States

Channel was established: 07 February 2014.

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FASB - Financial Accounting Standards Board added to FindAChannel 18 February 2024 (Channel #513125). Entry last modified 20 March 2024.