concepts
type: Collection
type: ConceptGroup
member: international financial reporting standards

international accounting
type: Concept
narrower: international financial reporting standards

international financial reporting standards
type: Concept
broader: international accounting
definition: International Financial Reporting Standards are accounting rules and principles developed and promoted worldwide by the International Accounting Standards Board. Accounting systems reflect the legislative environments in which they have developed. [Source: Encyclopedia of Business in Today's World; International Financial Reporting Standards]