Center for Financial and Accounting Literacy

 

 

 

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Frequently Used Abbreviations

 

AAA

American Accounting Association

AAER

Accounting and Auditing Enforcement Release

AcSEC

Accounting Standards Executive Committee of the American Institute of CPAs

AICPA

American Institute of Certified Public Accountants

APB

Accounting Principles Board

ARB

Accounting Research Bulletin

ASC

Accounting Standards Codification

ASR

Accounting Series Release

AU

Codification of Auditing Standards

CAQ

Center for Audit Quality

CEO

Chief executive officer

CFA

Chartered Financial Analyst

CFO

Chief financial officer

CIFiR

SEC Advisory Committee on Improvements to Financial Reporting

DIG

Derivatives Implementation Group

DOJ

Department of Justice

EC

European Commission

EESA

Emergency Economic Stabilization Act of 2008

EITF

Emerging Issues Task Force

FAF

Financial Accounting Foundation

FASAB

Federal Accounting Standards Advisory Board

FASAC

Financial Accounting Standards Advisory Council

FASB

Financial Accounting Standards Board

FDIC

Federal Deposit Insurance Corporation

FDICIA

Federal Deposit Insurance Corporation Improvement Act of 1991

FEI

Financial Executives International

FSP

FASB Staff Position

FTC

Federal Trade Commission

GAAP

Generally Accepted Accounting Principles

GAO

General Accounting Office

GASAC

Governmental Accounting Standards Advisory Council

GASB

Governmental Accounting Standards Board

GAAP

Generally accepted accounting principles

GAAS

Generally accepted auditing standards

IAS

International Accounting Standard

IASB

International Accounting Standards Board

IASC

International Accounting Standards Committee

IFAC

International Federation of Accountants

IFRS

International Financial Reporting Standard

IMA

Institute of Management Accountants

IRS

Internal Revenue Service

MD&A

Managementís Discussion and Analysis

OCC

Office of the Comptroller of the Currency

OTS

Office of Thrift Supervision

OTTI

Other-than-Temporary Impairment

PCAOB

Public Company Accounting Oversight Board

SAB

Staff Accounting Bulletin

SAS

Statement on Auditing Standards

SEC

U.S. Securities and Exchange Commission

SECPS

SEC Practice Section of AICPA

SFAC

Statement of Financial Accounting Concepts

SFAS

Statement of Financial Accounting Standards

SoP

Statement of Position

SOX

Sarbanes-Oxley Act of 2002

XBRL

eXtensible Business Reporting Language

 

   

 

 

 

 

 

 

 

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