Accounting Council

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Definition: Accounting Council

Accounting Council
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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.

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https://payrollheaven.com/define/accounting-council/
Modern Language Association (MLA):
Accounting Council. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
February 26, 2025 https://payrollheaven.com/define/accounting-council/.
Chicago Manual of Style (CMS):
Accounting Council. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/accounting-council/ (accessed: February 26, 2025).
American Psychological Association (APA):
Accounting Council. PayrollHeaven.com. Retrieved February 26, 2025
, from PayrollHeaven.com website: https://payrollheaven.com/define/accounting-council/

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.