Focus on the pronunciation of statement of principles
English definition of “statement of principles”
statement of principles
noun [C] (plural statements of principles)
› a statement in which a person or organization describes their beliefs and intentions: He will call for a 'statement of principles' which sets out which areas are controlled by the EU and which are handled by national governments. We need a clear statement of principles, backed up by firm commitments.
› (also Statement of Principles) (abbreviation SOP) ACCOUNTING in the UK, an official set of rules published by the Accounting Standards Board for company accounts: Issue costs are not assets as defined in the Board's draft Statement of Principles.