Independence Standard Board (ISB)

Independence Standard Board (ISB) Definition (in the Accounting Vocabulary)

The New York State Society of Certified Public Accountants offers the following definition of Independence Standard Board (ISB) in a way that is easy for anybody to understand: This is the private sector standard-setting body governing the independence of AUDITORs from their public company clients. It came about from discussions between the AICPA, other accounting representatives and the SEC.