Accounting Standards Board (ASB)

The Accounting Standards Board (ASB) is an organization that establishes accounting principles and standards to ensure that financial statements are transparent, consistent, and comparable across different organizations. These standards guide how companies record and report their financial activities, helping investors and stakeholders understand a company’s financial health. By promoting high-quality financial reporting, the ASB supports accountability and helps maintain investor confidence in the financial markets. Essentially, it provides a framework for reliable financial information, making it easier for everyone to make informed business and investment decisions.