Meaning of “Financial Accounting Standards Board” in the English Dictionary

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"Financial Accounting Standards Board" in Business English

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Financial Accounting Standards Boardnoun

uk us 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.

(Definition of “Financial Accounting Standards Board” from the Cambridge Business English Dictionary © Cambridge University Press)