former authoritative body of the american institute of certified public accountants (AICPA). It issued pronouncements on accounting principles until 1973. Of the 31 APB opinions, several were instrumental in improving the theory and practice of significant areas of accounting. The APB was replaced by the Financial Accounting Standards Board (FASB).
board of the American Institute of Certified Public Accountants (AICPA) that issued (1959-1973) a series of accountant's opinionsconstituting much of what is known as Generally Accepted Accounting Principles (GAAP).
board of the American Institute of Certified Public Accountants (AICPA) that issued (1959-73) a series of accountant's opinion constituting much of what is known as Generally Accepted Accounting Principles.
