IFRS stands for:
A)International financial reporting structure.
B)International financial reporting standards.
C)International financial reporting schemes.
D)International financial reporting system.

Question

Quizplus · Accepted Answer

IFRS stands for International Financial Reporting Standards, which are a set of globally accepted accounting standards used to prepare financial statements. They are issued by the International Accounting Standards Board (IASB).

IFRS Stands For