FASB

About FASB

FASB (Financial Accounting Standards Board) is the independent, nonprofit organization responsible for establishing and improving financial accounting and reporting standards in the United States. As the designated standard-setter for Generally Accepted Accounting Principles (GAAP), FASB works to ensure transparent, comparable financial information that serves investors, creditors, and the public. Their standards guide how companies record, measure, and disclose financial transactions across all industries.