Question

what is the full form of ASB in accountancy​

Answer 1

Explanation:

ASB:-Accounting Standards Board

Answer 2

The full form of ASB in accountancy is Accounting Standards Board.

• The Accounting Standards Board (ASB) is a former organization that was responsible for writing and issuing accounting standards in the United Kingdom.
• The ASB was based in London, England and operated in the same manner as the United States Financial Accounting Standards Board (FASB). The ASB was followed by the Accounting Council, which is part of the Financial Reporting Council (FRC), on July 2, 2012.
• The Accounting Standards Board (ASB) was established under the provisions of the Companies Act of 1985 as one of the two. companies under the auspices of the Financial Reporting Council (FRC), another Financial Reporting Panel (FRRP). It replaced the Accounting Standards Committee (ASC) on August 1, 1990 as the main issuer of UK accounting standards.