The Government Accounting Standards Board (GASB) is a private non-governmental organization that develops accounting standards for state and local governments.
GASB is responsible for generally accepted accounting principles (GAAP).
The mission of the board of directors is to promote clear, consistent, transparent and comparable financial reporting.
Personal Financial Specialist (PFS) is a certification for Chartered Public Accountants (CPA) allowing them to expand their experience to include financial planning and asset management.
The 2,000 investor limit or rule is a key threshold for private businesses that are unwilling to disclose financial information for public consumption.
The 500 shareholder threshold was a rule set by the SEC that required companies to publicly disclose financial statements and other information if they reached 500 or more individual shareholders.
The Basel Accords are part of a series of three international banking regulatory meetings that established capital requirements and risk measurements for global banks.
A compliance officer is a person who makes sure that the company complies with external regulatory and legal requirements, as well as internal policies and charters.