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Financial Accounting Standards Board (FASB):  Since 1973, the Financial Accounting Standards Board (FASB) has been the designated organization in the private sector for establishing standards of financial accounting and reporting. Those standards govern the preparation of financial reports.

 

Governmental Accounting Standards Board: The mission of the Governmental Accounting Standards Board is to establish and improve standards of state and local governmental accounting and financial reporting that will result in useful information for users of financial reports and guide and educate the public, including issuers, auditors, and users of those financial reports.

 

International Accounting Standards Board (ISAB):  The International Accounting Standards Board is an independent, privately-funded accounting standard setter based in London, UK. Board Members come from nine countries and have a variety of functional backgrounds. The Board is committed to developing, in the public interest, a single set of high quality, understandable and enforceable global accounting standards that require transparent and comparable information in general purpose financial statements.

 

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Why All Earnings Are Not Equal (The New York Times)

For Some Firms, a Case of 'Quadrophobia' - Study Suggests Companies Tweak Per-Share Earnings to Meet Expectations; 4 Is a Lonely Number  (The Wall Street Journal)

 

 

 

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