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Dictionary definition: Accounting Standards Board
- Article from:
- A Dictionary of Finance and Banking
Copyright© A Dictionary of Finance and Banking 1997, originally published by Oxford University Press 1997. (Hide copyright information)
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Accounting Standards Board (
ASB
)
The recognized body for setting accounting standards in the UK. It was established in 1990 to replace the Accounting Standards Committee (ASC) following the recommendations contained in the Dearing Report. Under the Companies Act 1985, companies (except
small companies
and
medium-sized companies
) must state whether their accounts have been ...