Answer
One of the committees that the AICPA created before the foundation of the FASB was the Committee on Accounting Procedures (CAP). The CAP, during its existence mid-1939 to 1959, issued 51 Accounting Research Bulletins (ARB).
Work Step by Step
In 1959, the AICPA made the Accounting Principles Board (APB) to supplant the CAP. Before being supplanted by the FASB, the APB discharged 31 official professions, called APB Opinions.
