International Financial Reporting Standards

International Financial Reporting Standards (IFRS) are a set of globally recognized accounting principles that ensure transparency, consistency, and comparability of financial statements across different countries. Developed by the International Accounting Standards Board (IASB), IFRS aims to provide a common financial language that enhances the reliability of financial reporting for investors and stakeholders. By adopting IFRS, companies can improve their financial performance reporting, facilitate cross-border investments, and foster global business relationships.