The Financial Accounting Standards Board (FASB) has been the designated organization in the private sector for establishing standards of financial accounting and reporting since 1973.
Further information about the FASB is available in the publication FACTs about FASB.
On this page we aim to provide a breakdown of FASB publications available online and in the collection of the ICAEW Library & Information Service. You can also view a list of Recent articles on FASB news and publications that are available in the collection.
If you would like further information or help with our holdings, please get in touch with us and we can help you navigate around our collection of FASB publications. You can contact the enquiry team by phone on +44 (0)20 7920 8620, by fax on +44 (0)20 7920 8621 or by email at library@icaew.com. Members can borrow loan copies of FASB publications where available. For details of our photocopying/fax service please see our FAQ page.
FASB Standards and Statements
On 1 July 2009 the FASB launched the Accounting Standards Codification as the single source of authoritative nongovernmental US GAAP as announced in the press release FASB Accounting Standards CodificationTM Launches Today. The codification will be effective for interim and annual periods ending after 15 September 2009.
The codification supersedes all existing non-SEC accounting standards (this includes FASB Statements, EITF abstracts and AICPA Statements of Position). Further information is available from our US Accounting Standards page.
The following list of FASB standards, statements and publications was compiled before the release of the Accounting Standards Codification:
FASB Statements of Financial Accounting Standards (SFAS)
'Statements of Financial Accounting Standards establish new standards or amend those previously issued'
The FASB website includes a full listing of financial accounting standards issued prior to the release of the Accounting Standards Codification with the option to view a summary, the full text and a status update. You can access the standards from the FASB Statements - Full Text, Summaries and Status page.
The ICAEW Library & Information Service also holds a collection of statements. If you would like to borrow an individual standard, please contact the enquiry desk.
FASB Statements of Financial Accounting Concepts
'Statements of Financial Accounting Concepts set forth fundamentals on which future financial accounting and reporting standards will be based'
FASB Interpretations
'Interpretations clarify, explain, or elaborate on FASB Statements, Accounting Research Bulletins, or APB Opinions.'
FASB Publications for comment
FASB Exposure Drafts, Discussion Memorandums and Invitations to Comment
The FASB website includes a dedicated Exposure Drafts section which provides the full text of current exposure drafts and related documents. The ICAEW Library & Information Service holds archived copies of older exposure drafts and consultations in our store.
Other FASB Publications
FASB Technical Bulletin
FASB Technical Bulletins are 'staff documents that provide guidance on implementation and practice problems'. Technical bulletins published prior to the release of the Accounting Standards Codification are available on the FASB website page for Pre-Codification Standards. The technical bulletins were also included in the Original Pronouncements looseleaf service which ceased publication in 2009. An archived copy of this looseleaf service is available in the collection of the ICAEW Library & Information Service.
FASB Research Reports and Special Reports
A selection of FASB Articles, Reports and Presentations from 2001 onwards are available through their website. The ICAEW Library & Information Service holds copies of reports published prior to this date.
Emerging Issues Task Force (EITF)
The EITF 'was formed in 1984 in response to the recommendations of the FASB's task force on timely financial reporting guidance and an FASB Invitation to Comment on those recommendations.'
The Financial Accounting Standards Board website includes a dedicated Emerging Issues Task Force section which provides information on current issues and their status.
Sources for EITF publications
-
EITF Abstracts
The EITF abstracts are a summary of proceedings of the FASB Emerging Issues Task Force and a full archive is available from the EITF abstracts section at Pre-Codification Standards
The Library also holds the EITF abstracts in looseleaf format, which was updated until June 2005. The Introduction and Appendices give an outline of the EITF's history, work and membership. Appendix D in volume 2 contains staff announcements on "technical matters discussed by the EITF that have long-term relevance but do not relate specifically to a numbered EITF Issue".
-
EITF Minutes
The Library and Information Service holds editions of the minutes/issues summaries for 1994 to 2004 in our off-site store. Since 2003 EITF minutes have been freely available through the FASB website at EITF Meeting Materials and Minutes.
If you would like to consult volumes from our collection in person please advise the Library staff ahead of your visit so that these can be retrieved from store.
FASB Journals
FASB Report Previously called Status Report
The FASB Report is a monthly newsletter that includes developments in the standard-setting process and the status of technical projects. An archive of the main article from FASB report from 2001 to 2007 is available from FASB Articles, Reports, & Presentations.
The Library and Information Service keeps a collection of FASB Status Report from October 1973 to February 2002 when it changed its name to FASB Report, which we have kept from February 2002 to 2007. In May 2001, the Financial Accounting Standards Board started to produce Understanding the Issues to accompany Status Report. This is filed in the same box as Status Report within the Library. Older copies of the journal are held in store and advance notice is required if members wish to consult them in person or we can answer queries from them for remote users once they are retrieved from store.
FASB Action Alert
The latest edition of Action Alert is available to view on the Action Alert section of the FASB website, along with an archive of previous editions dating back to January 2002. Action Alert is also available by email from the Financial Accounting Standards Board at no charge. Further details on email subscriptions are available from the Action Alert page.
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 delivery service.
Can't find what you're looking for?
If you have any difficulty in finding the material you are looking for please contact the enquiry team by phone on +44 (0)20 7920 8620, by fax on +44 (0)20 7920 8621 or by email at library@icaew.com.
The ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided 'as is' with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.