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 national governments.

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.

(Definition of “statement of principles” from the Cambridge Business English Dictionary © Cambridge University Press)