Accounting Principles Board

Accounting Principles Board (APB) Definition (in the Accounting Vocabulary)

The New York State Society of Certified Public Accountants offers the following definition of Accounting Principles Board (APB) in a way that is easy for anybody to understand: Senior technical committee of the AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS (AICPA) which issued pronouncements on accounting principles from 1959-1973. The APB was replaced by the FINANCIAL ACCOUNTING STANDARDS BOARD (FASB).