IFRS stands for:
A)Independent Financial Reporting System.
B)International Financing Reform System.
C)International Financial Reporting Standards.
D)International Financial Regulation of Securities.

Question

Quizplus · Accepted Answer

IFRS stands for International Financial Reporting Standards. It is a set of accounting standards that determines how certain transactions and events should be reported in financial statements. These standards are used by companies across the globe to ensure consistency and comparability in financial reporting.

IFRS Stands For