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English definition of “Financial Accounting Standards Board”

Financial Accounting Standards Board

noun
 
 
( abbreviation FASB) ACCOUNTING, FINANCE
an independent organization in the US that develops rules about financial accounting: The Financial Accounting Standards Board is the highest authority in establishing generally accepted accounting principles. → Compare the Accounting Standards Board, GAAP
(Definition of Financial Accounting Standards Board from the Cambridge Business English Dictionary © Cambridge University Press)
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