Thats why the term IFRS includes :-
- IFRS
- IAS
- IFRIC
- SIC
Infact this is because when IASB took over the operational part from IASC it adopted all of the earlier issued standard by IASC . IASC became the trustee organisation for IASB.
Thats why the term IFRS includes :-
Infact this is because when IASB took over the operational part from IASC it adopted all of the earlier issued standard by IASC . IASC became the trustee organisation for IASB.