statement of principles
noun[C]
ukuspluralstatements of principlesastatementin which apersonororganizationdescribestheirbeliefsandintentions:
He willcallfor a 'statementofprinciples' which sets out whichareasarecontrolledby the EU and which arehandledbynationalgovernments.
We need aclearstatementofprinciples,backedup byfirmcommitments.
ACCOUNTING(alsoStatement of Principles)(abbreviationSOP)
in the UK, anofficialset ofrulespublishedby theAccounting Standards Boardforcompanyaccounts:
Issuecostsare notassetsasdefinedin the Board'sdraftStatement of Principles.