Before the creation of the FASB, the Accounting Principles Board of the American Institute of the Certified Public Accountants fulfilled the function of formulating accounting principles.

在财务准则委员会诞生之前，美国注册会计师协会（AICPA）的会计原则委员会（APB）实现定义会计原则的功能。

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In 1971, for example, the now-defunct Accounting Principles Board, in the interest of conservative financial reporting, stated that the investment tax credit should be amortized over the life of the asset for which it applies.

FORBES: Why Everybody's Jumping On The Accountants These Days

The Financial Accounting Standards board labored mightily to modify one of the most destructive principles of modern times: mark-to-market accounting.

FORBES: Remaining Hurdles