U.S. Financial Accounting Standards Board (FASB)

The U.S. Financial Accounting Standards Board (FASB) is an organization that sets the rules and guidelines for how companies in the United States prepare and present their financial statements. Its goal is to ensure that financial information is accurate, consistent, and understandable for investors, regulators, and other stakeholders. By establishing these standards, FASB helps promote transparency and trust in financial reporting, enabling better decision-making and comparability across different companies and industries.