Words similar to fasb

Example sentences for: fasb

How can you use “fasb” in a sentence? Here are some example sentences to help you improve your vocabulary:

Applying Applicable Standards When Differences Arise - When financial information on such entities is included in general purpose financial reports of a larger Federal reporting entity (including Treasury's consolidated financial report), standards recommended by FASAB and issued by OMB and GAO should be used if the difference arising from differences between Federal accounting standards and FASB's would be material to users of the report of the larger entity.
However, participants felt that FASB needed to better differentiate between the two.
Congress has passed the Sarbanes-Oxley legislation which included establishment of the Public Company Accounting Oversight Board (PCAOB), tougher independence standards for auditors of public companies, and independent funding sources for the PCAOB and the FASB; the SEC has taken a number of regulatory and enforcement actions and made initial appointments to the PCAOB; various U.S.
The Financial Accounting Standards Board (FASB) has many of these items on its agenda.
In that respect, some participants felt that FASB is marching toward a "fair value" path and cautioned that the fair value reporting model is not always good and needs to be used only where it really makes sense.