Acronyms and abbreviations
20 Aug 2013
A listing of acronyms and abbreviations used both on this site and more widely in financial reporting, with links to relevant resources and websites.
Abbreviation | What it stands for | More information |
---|---|---|
AASB | Australian Accounting Standards Board | Info and website |
ACCA | Association of Chartered Certified Accountants | Info and website |
AcSB | Accounting Standards Board (Canada) | Info and website |
AICPA | American Institute of Certified Public Accountants | Info and website |
AIP | Annual improvement process | Info |
ANC | Autorité des normes comptables (France) | Info and website |
AOSSG | Asian-Oceanian Standard-Setters Group | Info and website |
APB | Accounting Principles Board (Predecessor to FASB) | FASB website |
ARC | Accounting Regulatory Committee (of the European Commission) | Website |
ARG | Analyst Representative Group | Renamed CMAC in 2011 |
ASAF | Accounting Standards Advisory Forum | Info |
ASB | Accounting Standards Board (United Kingdom) | Succeeded by FRC |
ASBJ | Accounting Standards Board of Japan | Info and website |
ASCG | Accounting Standards Committee of Germany | Info and website |
ASU | Accounting Standards Update | FASB pronouncements since release of the FASB Codification in July 2009 |
CAQ | Center for Audit Quality | Website |
CDSB | Climate Disclosure Standards Board | Info and website |
CESR | Committee of European Securities Regulators | Succeeded by ESMA in 2011 |
CMAC | Capital Markets Advisory Committee (formerly Analyst Representative Group) | Info |
CPA Canada | Chartered Professional Accountants Canada | Website |
DP | Discussion Paper | Info |
DSOP | Draft Statement of Principles | Published by old IASC |
DTTL | Deloitte Touche Tohmatsu Limited | Website |
EBA | European Banking Authority | Info and website |
EC | European Commission | Info and website |
ED | Exposure Draft | Info |
EEG | Emerging Economies Group | Info |
EFRAG | European Financial Reporting Advisory Group | Info and website |
EITF | Emerging Issues Task Force (of FASB) | Info and website |
ESMA | European Securities and Markets Authority (formerly Committee of European Securities Regulators, CESR) | Info and website |
FASB | Financial Accounting Standards Board (United States) | Info and website |
FCAG | Financial Crisis Advisory Group | Info |
FEE | Fédération des Experts-comptables Européens (Federation of European Accountants) |
Renamed Accountancy Europe in 2016 |
FEI | Financial Executives International | Info and website |
FinREC | Financial Reporting Executive Committee (formerly Accounting Standards Executive Committee, AcSEC) | Website |
FRC | Financial Reporting Council (United Kingdom) | Info and website |
FSB | Financial Stability Board | Info and website |
G4+1 | Group of Four Plus One (Accounting Standard Setters) | No longer active |
GAAP | Generally Accepted Accounting Principles. In United Kingdom and several other countries, GAAP stands for Generally Accepted Accounting Practice | — |
GASB | Governmental Accounting Standards Board (United States) | Website |
GLASS | Group of Latin American Accounting Standard Setters | Info and website |
GRI | Global Reporting Initiative | Info and website |
GPF | Global Preparers Forum | Info |
IAASB | International Auditing and Assurance Standards Board | Info and website |
IAESB | International Accounting Education Standards Board | Info and website |
IAS | International Accounting Standard(s) | Standards originally issued by IASC (summaries) |
IASB | International Accounting Standards Board | Info and website |
IASC | International Accounting Standards Committee (predecessor to the International Accounting Standards Board) | Info |
IASCF | International Accounting Standards Committee Foundation | Renamed IFRSF in 2010 |
ICAEW | Institute of Chartered Accountants in England and Wales | Info and website |
ICAS | Institute of Chartered Accountants of Scotland | Info and website |
IESBA | International Ethics Standards Board for Accountants | Info and website |
IFAC | International Federation of Accountants | Info and website |
IFASS | International Forum of Accounting Standard Setters (formerly National Standard Setters, NSS) | Info |
IFRIC | International Financial Reporting Interpretations Committee | Renamed IFRS Interpretations Committee in 2010 |
IFRS | International Financial Reporting Standard(s), issued by the IASB | Info and summaries |
IFRSF | International Financial Reporting Standards Foundation (formerly International Accounting Standards Committee Foundation) | Info and website |
IFRS IC | International Financial Reporting Standards Interpretations Committee (formerly International Financial Reporting Interpretations Committee) | Info |
IIRC | International Integrated Reporting Council | Info and website |
IOSCO | International Organization of Securities Commissions | Info and website |
IPSAS | International Public Sector Accounting Standards (issued by IPSASB) | |
IPSASB | International Public Sector Accounting Standards Board (of IFAC) - formerly known as Public Sector Committee (PSC) | Info and website |
ISA | International Standard on Auditing (issued by IAASB) | |
IPTF | International Practices Task Force (of CAQ) | Website |
IVSC | International Valuation Standards Council | Info and website |
JWG | Joint Working Group on Financial Instruments | Info |
KASB | Korea Accounting Standards Board | Info and website |
MASB | Malaysian Accounting Standards Board | Info and website |
OECD | Organisation for Economic Co-operation and Development | Info and website |
OIC | Organismo Italiano Contabilità | Info and website |
PAAinE | Pro-active Accounting in Europe | Info |
PAFA | Pan-African Federation of Accountants | Info and website |
PCAOB | Public Company Accounting Oversight Board (United States) | Info and website |
PIOB | Public Interest Oversight Board (of IFAC) | Info and website |
PIR | Post-implematation review | Info |
RFI | Request for Information | Info |
SASB | Sustainability Accounting Standards Board | Info and website |
SEC | Securities and Exchange Commission (United States) | Info and website |
SME | Small or medium-sized entity | Info |
SMEIG | SME Implementation Group | Info |
XBRL | eXtensible Business Reporting Language | Info and website |
WSS | World standard setters | Info |