1 § Accounting Standards Board is responsible for the development of generally accepted accounting principles. FSA is responsible for the development of generally accepted accounting principles in the firms covered by the Act (1995:1559) Credit Institutions and Securities Companies and the Law (1995:1560) accounts of insurance to the extent it is warranted by these companies specificity.
By 1 Chapter. 5 § lagen om årsredovisning i kreditinstitut och värdepappersbolag, 1 Chapter. 4 § Annual Accounts Act for Insurance Companies and 23 Chapter. 15 § 3 Law (2007:528) Securities Market follows that the Government or the authority appointed by the Government may issue regulations on accounting for financial companies. Create (2007:551).