Acronym of IFRS

( International Financial Reporting System ) Foundation of International Financial Reporting Standards (IFRS Foundation) reference formulation of International Financial Reporting Standards (IFRS). This foundation is the beginning of June 1973 with the name of the committee of international accounting standards (IASC) in London, England, launched, and then on 1 April 2001, called the foundation for International Financial Reporting Standards change the name found.

The Foundation is an independent organization and non-profit private sector, which is in the public interest, it works. Its main objectives are:

create a collection unit. quality. understanding. necessary , and the world of International Financial Reporting Standards from the way the institution . the International Accounting Standards (IASB)Is from April 1, 2001 launch.
promote the use and deployment of the standards; or
pay attention to the needs of financial reporting in developing economies, and units of the Economic, Small and medium; and
also, nudist, accounting standards, national and international solutions for high quality.

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