Which board focuses on the accounting standards for non-profit organizations?

The Financial Accounting Standards Board (FASB) is the organization primarily responsible for establishing accounting standards for non-profit organizations in the United States. FASB's authoritative standards include detailed guidance on how non-profit entities should report their financial activities, ensuring transparency and consistency in financial practices across these organizations.

The organization works to improve financial reporting for non-profits by addressing the unique nature of their operations, which often differ from for-profit companies. Non-profits must prepare financial statements that reflect their mission and how they manage their resources, and FASB provides the necessary framework to facilitate this.

In contrast, the other boards mentioned focus on different sectors of financial reporting. The Federal Accounting Standards Advisory Board is concerned with federal government accounting standards, while the Government Accounting Standards Board focuses on state and local governments. The International Public Sector Accounting Standards Board sets standards for public sector entities around the globe, not specifically for non-profit organizations within the U.S.