IFRS stands for
A)Important Foreign Registering Systems.
B)International and Foreign Registering Standards.
C)International and Foreign Reporting Systems.
D)International Financial Reporting Standards.

Question

Quizplus · Accepted Answer

IFRS stands for International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB). These standards are used globally to ensure consistency and transparency in financial reporting by companies.

IFRS Stands for