The FASB establishes and improves standards of financial accounting and reporting that foster financial reporting by nongovernmental entities that provides decision-useful information to investors and …

The FASB Accounting Standards Codification ® is the single official source of authoritative, nongovernmental U.S. generally accepted accounting principles (GAAP).

The Securities and Exchange Commission (SEC) designated the FASB as the organization responsible for setting accounting standards for public companies in the U.S. The FASB replaced the American …

May 14, 2026 · Learn how FASB defines U.S. accounting standards under GAAP, its partnership with IASB, and its impact on financial reporting for companies and nonprofits.

The FASB is the independent organization that establishes financial accounting and reporting standards for public and private companies and not-for-profit organizations that follow US GAAP. We provide …

Oct 14, 2025 · In the next filing season, calendar year-end public entities will prepare their annual 2025 financial statements, followed closely by their March 31, 2026, first quarter reports. Under SAB 74, …

FASB Interpretations extend or explain existing standards (primarily Statements of Financial Accounting Standards), and are considered part of U.S. Generally accepted accounting principles.

Established in 1973, the FASB is the independent, private-sector organization, based in Norwalk, Connecticut, that establishes financial accounting and reporting standards for public and private...

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The FASB accomplishes its mission through a comprehensive and independent process that encourages broad participation, objectively considers all stakeholder views, and is subject to …