Thank you for the opportunity to help you with your question!
International Financial Reporting Standards (IFRS) are a set of international accounting standards stating how particular types of transactions and other events should be reported in financial statements. IFRS
are issued by the International Accounting Standards Board, and they
specify exactly how accountants must maintain and report their accounts.
IFRS were established in order to have a common accounting language, so
business and accounts can be understood from company to company and
country to country.
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