Gautham
asked about 3 years ago
what do you mean by IFRS? and what are the functions of IFRS?
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acharya
answered over 2 years ago
Let me informed that IFRS Stand for International Financial Reporting Standards and it is a single set of accounting standards, developed and maintained by the IASB with the intention of those standards being capable of being applied on a globally consistent basis—by developed, emerging and developing economies—thus providing investors and other users of financial statements with the ability to compare the financial performance of publicly listed companies on a like-for-like basis with their international peers.
