IFRS

IFRS stands for International Financial Reporting Standards. These standards provide a method for harmonising how financial results are reported in different countries. At first, it was only a European model (GAAP), but it has since become a global system.

The IFRS bookkeeping rules were introduced to promote transparency and to avoid accounting scandals. They also make it easier to compare the business results of organisations in different countries.

Impactsearch & IFRS

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