statement of principles Meaning in the Cambridge English Dictionary
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Meaning of “statement of principles” in the English Dictionary

"statement of principles" in Business English

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statement of principlesnoun [C]

uk   us   (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 ​nationalgovernments. We need a ​clearstatement of ​principles, ​backed up by ​firmcommitments.
(also Statement of Principles) ( abbreviation SOP) ACCOUNTING in the UK, an ​official set of ​rulespublished by the Accounting Standards Board for ​companyaccounts: Issue ​costs are not ​assets as ​defined in the Board's ​draft Statement of Principles.
(Definition of statement of principles from the Cambridge Business English Dictionary © Cambridge University Press)
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