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The Financial Accounting Standards Board (FASB) is a private, non-profit organization that establishes financial accounting and reporting standards for both public and private companies in the United States.
These standards, known as Generally Accepted Accounting Principles (GAAP), aim to ensure consistency and transparency in companies' financial statements, making it easier for investors, creditors, and other stakeholders to understand and compare financial information across companies. Following FASB's GAAP standards is mandatory for publicly traded companies in the U.S.
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We're the largest startup-focused accounting firm in the United States, and we'd love to help you. To talk to an expert on our team and find out what Pilot can do for you, please click "Talk to an Expert" below, or email us at info@pilot.com.
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