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Definitions for: accounting standards committee
accounting standards committee

committee with members from six accounting bodies in the United Kingdom and Ireland who draft and approve Statements of Standard Accounting Practice.

Copyright © 2005, 2000, 1995, 1987 by Barron's Educational Series, Inc., Reprinted by arrangement with Publisher.

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Financial Accounting Standards Board
Establishes standards of financial accounting and reporting for private-sector entities, including businesses and not-for-profit organizations.

Founded: 1973