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US accounting standards

Accounting standards in the US are developed and maintained by the FASB. Find articles, books and online resources providing quick links to the standards, summaries, guidance and news of recent developments.

What's on this page?

  • Full-text standard
  • Summaries
  • Legacy standards
  • Organisations
  • FASB news
  • Guides
  • Online articles
  • Articles and books from the Library

Contact the Library

Expert help for your enquiries and research.

E  library@icaew.com
T  +44 (0)20 7920 8620
F  +44 (0)20 7920 8621

Full-text standard

The Financial Accounting Standards Board (FASB) provides access to the Accounting Standards Codification as an authoritative source for US GAAP. You will need to register or subscribe to gain access.

FASB Accounting Standards Updates are released periodically and are available in PDF format.


FASB Accounting Standards Codification: A primer for audit committees
Overview from the AICPA of the FASB Accounting Standards Codification restructuring and its relationship to US GAAP.

Legacy standards

The FASB Accounting Standards Codification was launched in July 2009 and it superseded all pre-existing non-Securities and Exchange Commission (SEC) accounting standards. See our pages on legacy standards for further resources:


American Institute of Certified Public Accountants (AICPA)
Professional body with a role in developing standards for auditing private companies.

Financial Accounting Standards Board (FASB)
National organisation responsible for establishing and maintaining accounting standards for non-governmental entities.

Governmental Accounting Standards Board (GASB)
Organisation responsible for establishing and improving accounting standards for US state and local government.

FASB news

AICPA Introduces New Financial Reporting Framework to Help Main Street Businesses
Press release issued on 10 June 2013.

IASB and FASB Report Substantial Progress Towards Completion of Convergence Program
News release issued by the FASB on 21 April 2011.

FASB Accounting Standards Codification Launches Today
News release issued by the FASB on 1 July 2009.

Guides and publications

FASB codification expected to become single source of authoritative US GAAP on July 1, 2009 - FASB Codification: Answers to commonly-asked questions
Overview and FAQ published by the FASB in December 2008.

Accounting Roundup
Monthly newsletter published by Deloitte summarising recent accounting and financial reporting developments in the US.

CPA Journal
Monthly journal of the New York State Society of CPAs.

FASB Outlook
Quarterly newsletter from the FASB with updates on key projects and activities.

Online articles

The library provides access to a range of articles in full text from leading business, finance and management journals. Access to articles is provided to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.

Articles are available to logged-in ICAEW members, ACA students and other entitled users.

Articles and books in the Library collection

To find out how you can borrow books from the Library please see our guide to book loans. You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.

Can't find what you are looking for?

If you're having trouble finding the information you need, ask the Library & Information Service. Contact us by telephone on +44 (0)20 7920 8620, by web chat or by email at library@icaew.com.

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