International Financial Reporting Standards
From ACT Wiki
(IFRS).
The internationally recognised system of financial reporting required for all companies quoted on an EU stock exchange from 2005, as well as for many other large companies internationally.
The system operates via individual International Financial Reporting Standards (sometimes also known as International Accounting Standards or IAS) issued by the International Accounting Standards Board (IASB).
The following International Accounting Standards have been withdrawn or superseded:
IAS 3, IAS 4, IAS 5, IAS 6, IAS 9, IAS 13, IAS 14, IAS 15, IAS 22, IAS 25, IAS 30, IAS 31, IAS 35.