Acronyms and abbreviations

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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

Info and website

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

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.