International Financial Reporting Standards
Key Facts
Abbreviation
IFRS
Pronunciation
/ˌɪnərˈnæʃənɑl ˌfaɪˈnænʃəl rɪˈpɔrtɪŋ ˈstændərdz/
Category
Business
Related Field
Accounting
Examples in Context
- If properly complied with, International Financial Reporting Standards(IFRS) ( IFRS ) will provide the basis for transparency and accountability, as well as clarity and comparability.
- But several European banks have privately lobbied for the IASB to remove some reclassification differences between its International Financial Reporting Standards(IFRS) and US GAAP.
- Unless the EU recognises that Japan's Generally Accepted Accounting Principles are equivalent to the International Financial Reporting Standards(IFRS) adopted by the EU, Japanese companies will not be able to use Japanese GAAP for EU listing.
- Universities and business schools in the US are stepping up efforts to incorporate international financial reporting standards into their curriculums with the help of Deloitte, the US accounting firm.
- Some 1,200 companies listed on the Shanghai and Shenzhen stock exchanges will from next week be required to follow the accounting rules, which are modelled closely on the international financial reporting standards ( IFRS ) in force in Europe.
Other meanings of IFRS
International Financial Reporting
Business
Indian Financial Reporting Standards
Regional
I F R Systems, Inc.
Business