Chapter 1 - Financial Accounting and Accounting Standards - Concepts for Analysis - Instructions - Page 27: CA1-14(3)

(3=C) Statement of Financial Accounting Standards- Primary document of the FASB that establishes GAAP.

The Statement of Financial Accounting Standards refers to the official release of principles/rules by the Financial Accounting Standards Board (FASB) which is the main accounting rule-setting authority in the U.S. for generally accepted accounting principles (GAAP).