Accounting

FASB establishes financial accounting and reporting standards for public and private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles (GAAP).

The national professional organization for Certified Public Accountants (CPAs) in the United States.

GASB establishes accounting and financial reporting standards for U.S. state and local governments that follow Generally Accepted Accounting Principles (GAAP).

The IASB works with the International Federation of Accountants to promote the cooperation of accounting and auditing standards globally. Financial statements for publicly traded companies in at least 90 countries are not required to be prepared in accordance with the IASB's standards.