Consultant
71 Points
Joined August 2008
Hi,
These are International Financial Reporting Standards and interpretations adopted by International Accounting Standards Board (IASB) worked up with an underlying assumptions of accural basis andgoing concern.
IASB - International Accounting Standards Boardearlier known as IASC - International accounting standrads committee is the responsible body for these IFRS.
Currently IASB had about 140 member bodies ( Including ICAI from Inida) from 104 countries.
You can visit their offficial web site www.iasb.org for more information.