Definition of accounting bulletins – ARB’
Accounting research bulletins (ARB) documents were published by the Committee on accounting procedure of the period from 1938 to 1959, on various accounting issues.
Penetration of accounting research bulletins – ARB’
Committee on accounting procedure was the first Private organization that is tasked with setting accounting standards in the United States. But his research Accounting bulletins (ARB) are not required. It was launched by the American Institute of accountants, now known as the American Institute of certified public accountants.
Today, accounting standards in the United States are established by the Government Council for accounting standards (GSBS), a Private, non-profit organization that develops the accounting standards of reporting or generally accepted accounting principles (GAAP) for state and local governments. They can be found in the codification of accounting standards that came into effect after September 2009, and which is the sole source of U.S. GAAP, and supported by the Council for financial accounting standards (FASB).
Accounting FASB codification standards reglementary the preparation of corporate financial statements and recognized as authoritative by the securities and exchange Commission (sec), which regulates American stock exchange.