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INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)

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Definition:
A set of accounting standards. Currently they are issued by the International Accounting Standards Board (IASB).

Context:
Many of the standards forming part of IFRS are known by the older name of International Accounting Standards (IAS).

Source Publication:
IMF, 2007, Manual on Fiscal Transparency, IMF, Washington DC, Glossary.

Hyperlink:
http://www.iasb.org/Home.htm

Statistical Theme: Financial statistics

Created on Monday, July 23, 2007

Last updated on Thursday, July 26, 2007