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RBA Glossary definition for FASB

FASB – US Financial Accounting Standards Board

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Developments in the Financial System Architecture

10 Sep 2009 FSR – September 2009
Board (FASB). ... Those standards, the International Financial Reporting Standards, have been implemented in many countries, including Australia, from the middle of the decade, whereas US firms have continued to operate under the FASB
https://www.rba.gov.au/publications/fsr/2009/sep/dev-fin-sys-arch.html