International Financial Reporting Standards (IFRS) are promulgated by

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IFRS are promulgated by the International Accounting Standards Board (IASB), an independent organization based in London. The United Nations and the World Bank do not promulgate accounting standards, and while the Big Four accounting firms may be involved in the development of standards through their participation in comment letters and advisory groups, they do not have the authority to promulgate standards themselves.

International Financial Reporting Standards (IFRS) Are Promulgated by