IFRS stands for International Financial Reporting Standard, which refers to a set of accounting standards developed by the International Accounting Standards Board (IASB). These standards are used by companies across the globe to prepare financial statements and ensure consistency in reporting financial information.

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IFRS Stands For

Question 40

Multiple Choice

IFRS stands for:

A) International Financial Reporting System
B) International Financial Reporting Standard
C) International Financing Requirement Standard
D) International Financing Regulation and Standards

Correct Answer: