Accounting Council

Business, Legal & Accounting Glossary

Definition: Accounting Council

Accounting Council

Full Definition of Accounting Council

A body established in 2012 to take over certain functions of the former Accounting Standards Board.

The main role of the council is to advise its parent body, the Financial Reporting Council (FRD), on matters of accounting and financial reporting policy.

The responsibility for issuing Financial Reporting Standards now belongs to the FRC, although the Accounting Council typically has a hand in their development.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Accounting Council. Payroll & Accounting Heaven Ltd.
August 16, 2022
Chicago Manual of Style (CMS):
Accounting Council. Payroll & Accounting Heaven Ltd. (accessed: August 16, 2022).
American Psychological Association (APA):
Accounting Council. Retrieved August 16, 2022
, from website:

Definition Sources

Definitions for Accounting Council are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 25th August, 2019 | 0 Views.