Library Class and Subject Guides: Accounting: Standards

Accounting Standards

Accounting standards articulate the principles, acceptable behaviors, and procedures that define the precepts of financial accounting policies and practices. Below is a list of standards associated with the accounting profession.

U.S. Standards

American Institute of CPAs (AICPA)--Standards & Statements
A professional accountancy association responsible for ethical and auditing standards as well as the development of the CPA Exam.
Federal Accounting Standards Advisory Board (FASAB)--Standards & Guidance
A government entity responsible for establishing federal financial accounting standards and providing guidance in the use of federal financial information.
Financial Accounting Standards Board (FASB)--Standards
An organization recognized by the Securities and Exchange Commission as the designated authority responsible for establishing financial accounting and reporting standards for public and private companies as well as not-for-profit organizations following Generally Acceptable Accounting Principles (GAAP).
Governmental Accounting Standards Board (GASB)--Standards & Guidance
An independent, private-sector organization responsible for establishing accounting and financial reporting standards for U.S. state and local government following Generally Acceptable Accounting Principles (GAAP).
U.S. Securities and Exchange Commission (SEC)--Regulatory Actions
A government entity responsible for enforcing the laws and rules governing the securities industry in the U.S.

International Standards

International Financial Reporting Standards (IFRS) Foundation--Standards & Interpretations
A not-for-profit international organization responsible for developing a single set of global accounting standards that promote transparency, accountability, and efficiency.

Other Standards

Public Company Accounting Oversight Board (PCAOB)--Standards
A nonprofit corporation established by Congress responsible for overseeing the audits of public companies as a means of protecting investors and the public interest through the distribution of informative, accurate, and independent audit reports.

Accounting

Public Services/College of Business Liaison Librarian

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Accounting Standards

U.S. Standards

International Standards

Other Standards