In order to simplify comparison of accounts among international users, global trade has resulted in the development of which of the following regulations?
A.
G4 Sustainability Reporting Guidelines
B.
International Financial Reporting Standards (IFRS)
C.
International Organization for Standardization (ISO)
D.
Generally accepted accounting principles (GAAP)
International Financial Reporting Standards (IFRS) to simplify the comparison of accounts among international users. IFRS are a set of accounting standards developed by the International Accounting Standards Board (IASB) that are becoming the global standard for the preparation of public company financial statements.
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Rajiv8047
11 months, 3 weeks ago