Established in 1973, the FASB is the independent, private-sector organization that establishes financial accounting and reporting standards for public and private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles (GAAP). The FASB is recognized by the Securities and Exchange Commission as the designated accounting standard setter for public companies. FASB standards are recognized as authoritative by many other organizations, including state Boards of Accountancy and the American Institute of CPAs (AICPA). The FASB develops and issues financial accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to investors and others who use financial reports. The FASB comprises seven full-time board members that are appointed by the Financial Accounting Foundation (FAF) Board of Trustees. For more information about the FASB, visit www.fasb.org
View Top Employees from Financial Accounting Standards Board (FASB)Website | http://www.fasb.org |
Employees | 434 (217 on RocketReach) |
Founded | 1973 |
Address | 801 Main Ave, Norwalk, Connecticut 06851, US |
Technologies | |
Industry | Accounting |
Web Rank | 153726 |
Web Visits | 243560 |
Keywords | Accounting Standards, Financial Reporting, Securities, Board Of Trustees |
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Frederick Cannon is the Board Member of Financial Accounting Standards Board (FASB).
217 people are employed at Financial Accounting Standards Board (FASB).
Financial Accounting Standards Board (FASB) is based in Norwalk, Connecticut.