Accountancy/IFRS

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International Financial Reporting Standards (IFRS).

International Financial Reporting Standards (IFRS) are Standards, Interpretations and the Framework Full text of the Framework adopted by the International Accounting Standards Board (IASB). [1]

United States

Financial Accounting Standards Board (FASB)[2]

Generally Accepted Accounting Principals (GAAP)[3]

U.S. Securities and Exchange Commission (SEC)

International

International Accounting Standards Board (IASB) [4]

International Financial Reporting Standards (IFRS) [5]

International Accounting Standards Committee (IASC)

Description International United States
Organization IASB FASB
Name of Standards IFRS GAAP
Oversight IASC SEC
Oversight Type Private Public

References[edit]

Also See[edit]

International Accounting Standards Board (2007): International Financial Reporting Standards 2007 (including International Accounting Standards (IAS(tm)) and Interpretations as at 1 January 2007), LexisNexis, ISBN 1-4224-1813-8

Original texts of IAS/IFRS, SIC and IFRIC adopted by the Commission of the European Communities and published in Official Journal of the European Union http://ec.europa.eu/internal_market/accounting/ias_en.htm#adopted-commission

External Links[edit]

IFRS for SMEs

Why many Financial Services are adopting to IFRS - Deloitte | An Overview of International Financial Reporting Standards (IFRS)

Accounting Standards