Accountancy/IFRS

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).http://en.wikipedia.org/wiki/Ifrs United States Financial Accounting Standards Board (FASB)FASB Generally Accepted Accounting Principals (GAAP)GAAP U.S. Securities and Exchange Commission (SEC) International International Accounting Standards Board (IASB) IASB International Financial Reporting Standards (IFRS) IFRS International Accounting Standards Committee (IASC) Description International United States Organization IASB FASB Name of Standards IFRS GAAP Oversight IASC SEC Oversight Type Private Public See also International Accounting Standards Board (2007): International Financial Reporting Standards 2007 (including International Accounting Standards (IAS(tm)) and Interpretations as at 1 January 2007), LexisNexis, 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 References External links IFRS for SMEs Why many Financial Services are adopting to IFRS - Deloitte | An Overview of International Financial Reporting Standards (IFRS) Accounting Standards