International Financial Reporting Standards (IFRS ®)

Active since:Since 2001 the old standards (IAS) are being replaced by IFRS one bit at a time.
Target: Corporations worldwide. For some corporations the use is optional while for others it is mandatory.
Goal: Enforce a standardised way of describing the company's financial performance and position so that company financial statements are understandable and comparable across international boundaries.


IFRS Standards Website