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What is another word for FASB?

Pronunciation: [fˈasb] (IPA)

FASB, or the Financial Accounting Standards Board, is an independent organization that sets accounting standards for the United States. There are several synonyms for FASB, including the US GAAP (Generally Accepted Accounting Principles) Board, the Accounting Principles Board (APB), and the Financial Accounting Standards Advisory Council (FASAC). These associations aim to ensure that accounting standards are consistent and transparent, providing users with useful financial information about the company. The FASB has been instrumental in establishing numerous accounting principles that have enabled companies to better measure and disclose their financial status, including rules for asset and liability recognition, revenue recognition, and stock-based compensation.
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What are the hypernyms for Fasb?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

  • Other hypernyms:

    Financial Regulator, standard setter, Accounting regulatory body, Accounting standards organization, Financial standards authority.

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