Standards issued by the international accounting standards board (IASB) are known as:

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Accountants always prepare budgets, financial reports, Costing sheets etc. what ...
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Sudishna Yohan Chaturaka Ranasinghe
11-August-2022

a. Financial Reporting Standards (FRSs) b. International Accounting Standards (IASs) c. International Financial Reporting Standards (IFRSs) d. International Financial Standards (IFSs)

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Date Posted: 2013/08/27

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13 Answers

by Rashad Moursi , Financial and Administrative Officer & international Business Transformer, Hotel Owner Reprs. , Investment and financial

C- IFRSs

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by Kamran Anjum , Head of Internal Audit , Rafhan Maize Products Company limited, Faisalabad, Pakistan, Ingredion Incorporated Gmbh

Its B and C

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by Yasir Ammar Mehmood , Senior Accountant , Al-Mustufa Medical Centre

Answer is c. International Financial Reporting Standards (IFRSs).

Reason:

The IASB publishes its standars in a series of pronouncements called International Financial Reporting Standards (IFRSs). Upon its inception the IASB adopted the body of International Accounting Standards (IASs) issued by its predecessor, the Board of the International Accounting Standards Committee. The term :International Financial Reporting Standards' includes IFRSs, IASs and interpretations developed by the Interpretations Committe or the former Standing Interpretations Committee (SIC).

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