FASB Opinion financial definition of FASB Opinion
FASB Statement (redirected from FASB Opinion)
A standard set by the Financial Accounting Standards Board regarding a financial accounting and reporting method. Essentially, FASB statements determine the acceptable accounting practices that Certified Public Accountants use in reporting corporate financial information to stockholders, the SEC, and the general public. See also APB opinion
References in periodicals archive
Although Warrantech had previously announced it was submitting this issue to the Financial Accounting Standards Board ("FASB"), Warrantech was informed by Ernst & Young that it would not adhere to the FASB opinion
and would seek Securities and Exchange Commission (SEC) review if the FASB opinion
did not confirm their view.