An independent, private-sector, non-profit organization responsible for establishing and improving financial accounting and reporting standards in the United States. The Financial Accounting Standards Board (FASB) develops and maintains Generally Accepted Accounting Principles (GAAP), which govern how U.S. public companies, private companies, and many non-profit organizations prepare and present financial statements. FASB standards promote consistency, transparency, and comparability in financial reporting, helping investors, regulators, lenders, and other stakeholders make informed decisions based on reliable financial information.
Financial Accounting Standards Board (FASB)
The independent US body that sets Generally Accepted Accounting Principles (GAAP) for financial reporting.
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The official compilation of permanent U.S. federal laws, providing the statutory basis for many contracting requirements.
A global classification system used to categorize products and services for procurement and spend analysis.
A unique 12-character identifier assigned via SAM.gov to organizations doing business with the federal government, replacing the DUNS number.
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