IFRS is an acronym for
A)Integrated Financial Reporting Services
B)International Financial Reporting Standards
C)Integrated Federal Recording Standards
D)International Financial Regulated Services

Question

Quizplus · Accepted Answer

IFRS stands for International Financial Reporting Standards, which are a set of accounting standards developed and maintained by the International Accounting Standards Board (IASB). These standards aim to improve the consistency and comparability of financial statements across different countries and industries, making it easier for investors and analysts to make informed decisions.

IFRS Is an Acronym for