The International Accounting Standards Board is constantly modifying, clarifying, and expanding IFRS as business practices evolve and new issues arise.

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The International Accounting Standards Board is responsible for the development and modification of International Financial Reporting Standards (IFRS) as business practices evolve and new issues arise. This ensures that IFRS remains relevant and useful for financial reporting in various jurisdictions around the world.

The International Accounting Standards Board Is Constantly Modifying, Clarifying, and Expanding