Jour : 9 novembre 2021

The Financial Accounting Standards Board (FASB) is a vital organization that sets and improves accounting standards for public, private, and non-profit organizations in the United States. In summary, FASB is the organization responsible for setting and maintaining GAAP, which is the foundation for financial reporting standards in the United States.…

It oversees financial disclosures made by public companies to ensure they provide accurate and timely information to investors. Professionals undergo years of education in order to truly understand the already existing principles and accounting standards. However, FASB makes sure to continually educate and update the knowledge and financial accounting expertise…