Financial Accounting Standards Board
E123132
The Financial Accounting Standards Board is an independent U.S. organization that establishes and improves financial accounting and reporting standards for public and private companies.
All labels observed (5)
| Label | Occurrences |
|---|---|
| Financial Accounting Standards Board canonical | 42 |
| FASB | 4 |
| FASB website | 1 |
| Financial Accounting Standards Board standards | 1 |
| US Financial Accounting Standards Board | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T1080042 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Financial Accounting Standards Board Context triple: [US GAAP, primaryRegulator, Financial Accounting Standards Board]
-
A.
Public Company Accounting Oversight Board
The Public Company Accounting Oversight Board is a nonprofit regulatory body in the United States that oversees the audits of public companies to protect investors and enhance the accuracy and reliability of corporate financial reporting.
-
B.
US GAAP
US GAAP is the comprehensive set of accounting principles and standards that govern how U.S. companies prepare and present their financial statements.
-
C.
Federal Financial Institutions Examination Council
The Federal Financial Institutions Examination Council is a U.S. interagency body that prescribes uniform principles, standards, and reporting forms for the examination and supervision of financial institutions.
-
D.
American National Standards Institute
The American National Standards Institute (ANSI) is a private, non-profit organization that coordinates the development and use of voluntary consensus standards for products, services, processes, and systems in the United States.
-
E.
Financial Stability Board
The Financial Stability Board is an international body that monitors and makes recommendations about the global financial system to promote stability and coordinate regulatory policies among major economies.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Financial Accounting Standards Board Target entity description: The Financial Accounting Standards Board is an independent U.S. organization that establishes and improves financial accounting and reporting standards for public and private companies.
-
A.
Public Company Accounting Oversight Board
The Public Company Accounting Oversight Board is a nonprofit regulatory body in the United States that oversees the audits of public companies to protect investors and enhance the accuracy and reliability of corporate financial reporting.
-
B.
US GAAP
US GAAP is the comprehensive set of accounting principles and standards that govern how U.S. companies prepare and present their financial statements.
-
C.
Federal Financial Institutions Examination Council
The Federal Financial Institutions Examination Council is a U.S. interagency body that prescribes uniform principles, standards, and reporting forms for the examination and supervision of financial institutions.
-
D.
American National Standards Institute
The American National Standards Institute (ANSI) is a private, non-profit organization that coordinates the development and use of voluntary consensus standards for products, services, processes, and systems in the United States.
-
E.
Financial Stability Board
The Financial Stability Board is an international body that monitors and makes recommendations about the global financial system to promote stability and coordinate regulatory policies among major economies.
- F. None of above. chosen
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
accounting standards board
ⓘ
independent organization ⓘ nonprofit organization ⓘ standards-setting body ⓘ |
| abbreviation |
FASB
ⓘ
linked to:
Financial Accounting Standards Board
|
| appliesTo |
not-for-profit organizations in the United States
ⓘ
private companies in the United States ⓘ public companies in the United States ⓘ |
| collaboratesWith |
International Accounting Standards Board
ⓘ
Securities and Exchange Commission ⓘ |
| country |
United States
ⓘ
linked to:
United States of America
|
| develops |
Generally Accepted Accounting Principles in the United States
ⓘ
linked to:
FASB Accounting Standards Codification
|
| establishedBy | Financial Accounting Foundation ⓘ |
| focusesOn | investor decision usefulness ⓘ |
| founded | 1973 ⓘ |
| governingBody | Financial Accounting Foundation ⓘ |
| hasNumberOfBoardMembers | 7 ⓘ |
| headquartersLocation |
Norwalk, Connecticut
ⓘ
linked to:
Norwalk, Connecticut, United States
|
| industry |
accounting
ⓘ
financial reporting ⓘ |
| isIndependentOf |
U.S. federal government
ⓘ
linked to:
United States government
|
| issues |
Accounting Standards Updates
ⓘ
Statements of Financial Accounting Concepts ⓘ
linked to:
Statements of Financial Accounting Standards
Statements of Financial Accounting Standards ⓘ |
| jurisdiction |
United States
ⓘ
linked to:
United States of America
|
| locatedIn | Norwalk, Connecticut, United States ⓘ |
| mission | to establish and improve standards of financial accounting and reporting for the guidance and education of the public ⓘ |
| oversightBy | Financial Accounting Foundation ⓘ |
| parentOrganization | Financial Accounting Foundation ⓘ |
| primaryLanguage | English ⓘ |
| purpose |
establish financial accounting standards
ⓘ
improve financial accounting standards ⓘ improve financial reporting ⓘ |
| regionServed |
United States
ⓘ
linked to:
United States of America
|
| replaced | Accounting Principles Board ⓘ |
| servesStakeholder |
auditors
ⓘ
creditors ⓘ investors ⓘ preparers of financial statements ⓘ regulators ⓘ |
| shortName |
FASB
ⓘ
linked to:
Financial Accounting Standards Board
|
| standardType |
Generally Accepted Accounting Principles
ⓘ
linked to:
US GAAP
|
| state | Connecticut ⓘ |
| typeOfNonprofit | private-sector organization ⓘ |
| usesDueProcess |
field studies and roundtables
ⓘ
public board meetings ⓘ public comment on exposure drafts ⓘ |
| website | https://www.fasb.org ⓘ |
| worksOn | financial accounting and reporting standards ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Financial Accounting Standards Board Description of subject: The Financial Accounting Standards Board is an independent U.S. organization that establishes and improves financial accounting and reporting standards for public and private companies.
Referenced by (49)
Full triples — surface form annotated when it differs from this entity's canonical label.
linked to: Financial Accounting Standards Board
linked to: Financial Accounting Standards Board
linked to: Financial Accounting Standards Board
subject linked to:
ASC 842 Leases
linked to: Financial Accounting Standards Board
Governmental Accounting Standards Board
→
relatedOrganization
→
Financial Accounting Standards Board
ⓘ
subject linked to:
FAF
subject linked to:
FAF
Board of Trustees of the Financial Accounting Foundation
→
appoints
→
Financial Accounting Standards Board
ⓘ
subject linked to:
Board of Trustees
Board of Trustees of the Financial Accounting Foundation
→
oversees
→
Financial Accounting Standards Board
ⓘ
IFRS 15 Revenue from Contracts with Customers
→
developedWith
→
US Financial Accounting Standards Board
ⓘ
linked to: Financial Accounting Standards Board
linked to: Financial Accounting Standards Board
linked to: Financial Accounting Standards Board
FASB Statements of Financial Accounting Concepts
→
issuedBy
→
Financial Accounting Standards Board
ⓘ
subject linked to:
ASC
subject linked to:
ASC
subject linked to:
ASC
subject linked to:
Presentation (Topic 205 and related)