IFRS is the main U.S. accounting rule book and is currently created and governed by the FASB.

Name: IFRS is the main U.S. accounting rule book and is currently created and governed by the FASB.
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IFRS stands for International Financial Reporting Standards and is not the main U.S. accounting rule book. The main U.S. accounting rule book is Generally Accepted Accounting Principles (GAAP), which is created and governed by the Financial Accounting Standards Board (FASB).

IFRS Is the Main U