APB Opinion

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Dictionary Says

Definition of 'APB Opinion'

An authoritative pronouncement issued by the Accounting Principles Board. The official opinions were given on various accounting issues that required clarification or interpretation. The APB listed 31 separate opinions during its existence.

Investopedia Says

Investopedia explains 'APB Opinion'

The Accounting Principles Board was replaced by the Financial Accounting Standards Board (FASB)  in 1973. The APB Opinions have likewise been superseded by the Generally Accepted Accounting Principals (GAAP). Therefore, they are now essentially obsolete.
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'APB Opinion'

  • The Benefits And Value Of Stock Options

    http://www.investopedia.com/articles/optioninvestor/07/evolvingoptions.asp
    ... In 1972, the Accounting Principles Board (APB) issued opinion No.25, which called
    for companies to use an intrinsic value methodology for valuing the stock ...

  • CFA Level 1 Study Guide - Financial Statements - Financial ...

    http://www.investopedia.com/exam-guide/cfa-level-1/financial-statements/financial-reporting-enforcement.asp
    ... Financial Statement Footnotes; 6.25 The Auditor and Audit Opinion; 6.26 Financial
    Reporting Objectives and Enforcement; 6.27 Accounting ...

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