Question

Which body is the issuing body of IFRS?

Answer 1

IFRS is issued by the International Accounting Standards Board (IASB). It is used as an accounting standard in more than 144 countries around the world.

Also read:

• Difference Between Cash Basis and Accrual Basis of Accounting
• Accrual Basis of Accounting
• GAAP Generally Accepted Accounting Principles
• Applicability of IND AS
• Difference Between IFRS and IND AS
• Difference Between GAAP and IFRS

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