Financial Accounting Standards Board. A nongovernment private organization that sets GAAP in the U.S. for profit making entities and not-for-profit nongovernmental organizations. Found on http://www.ais-cpa.com/glosa.html
Financial Accounting Standards Board, which sets accounting rules for the US. (public? private?) Contexts: accounting; corporate finance; data Found on http://www.econterms.com/glossary.cgi?query=FASB
The Financial Accounting Standards Board or the FASB is an organization created to establish and improve?financial accounting?standards in the private sector. The authority to establish accounting rules and standards is actually controlled by the SEC, but it has largely allowed the FASB alone to create its own standards. Found on https://www.myaccountingcourse.com/accounting-dictionary/accounting-diction