The FASB Accounting Standards Codification simplifies user access to all authoritative U.S. generally accepted accounting principles (GAAP) by providing all the authoritative literature related to a particular Topic in one place. The term authoritative includes all level AD GAAP that has been issued by a standard setter. The content in the Codification is organized by Topic, Subtopic, Section and Subsection. The Codification includes accounting standards issued by the Financial Accounting Standards Board (FASB), American Institute of Certified Public Accountants (AICPA), Emerging Issues Task Force (EITF), Derivatives Implementation Group (DIG), Accounting Principles Board (APB), Accounting Research Bulletins (ARB), Accounting Interpretations (AIN), and the Securities and Exchange Commission (SEC). The FASB literature includes Statements (FAS), Interpretations (FIN), Technical Bulletins (FTB), Staff Positions (FSP), Staff Implementation Guides (Q&A). The EITF literature includes Abstracts and Topic D items. The AICPA literature includes Statements of Position (SOP), incremental guidance from Audit and Accounting Guides (AAG), and Practice Bulletins (PB). The SEC literature includes Regulation S-X, Financial Reporting Releases (FRR), Accounting Series Releases (ASR), Interpretive Releases (IR), Staff Accounting Bulletins (SAB), and SEC Observer Comments. The Notice to Constituents describes the Codification in more detail.
ELEMENTS OF A HIGH QUALITY GLOBAL FINANCIAL REPORTING STRUCTURE A. High Quality Accounting Standards High quality accounting standards are critical to the development of a high quality global financial reporting structure. Different accounting traditions have developed around the world in response to varying needs of users for whom the financial information is prepared. In some countries, for example, accounting standards have been shaped primarily by the needs of private creditors, while in other countries the needs of tax authorities or central planners have been the predominant influence. In the United States, accounting standards.
 The AICPA first created the Committee on Accounting Procedure in 1939, and replaced that with the Accounting Principles Board in 1959. In 1973, the Accounting Principles Board was replaced by the Financial Accounting Standards Board (FASB) under the supervision of the Financial Accounting Foundation with the Financial Accounting Standards Advisory Council serving to advise and provide input on the accounting standards.  Other organizations involved in determining United States accounting standards.