ASRB Definition

Bookmark and Share

ASRB is Accounting Standards Review Board.

Learn new Accounting Terms

TARGET MARGIN is the desired profit on each sale; used to determine the selling price where the average total cost is known.

REVIEW is an accounting service providing some assurance to the Board of Directors and interested parties as to the reliability of financial data without the CPA conducting an examination in accordance with generally accepted accounting standards. The AICPA auditing standards board formulates review standards for public companies while the AICPA Accounting and Review Services Committee provides review standards for non-public businesses.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.