International Financial Reporting Standards Foundation Law and Legal Definition
The International Financial Reporting Standards Foundation is an independent, non-profit foundation to oversee the International Accounting Standards Board (IASB). The Foundation is governed by a board of twenty two trustees.
The objectives of the IFRS Foundation are:
a. to develop, in the public interest, a single set of high quality, understandable, enforceable and globally accepted financial reporting standards based upon clearly articulated principles;
b. to promote the use and rigorous application of those standards ;
c. to promote and facilitate adoption of International Financial Reporting Standards (IFRSs), being the standards and interpretations issued by the IASB, through the convergence of national accounting standards and International Financial Reporting Standards (IFRS).
Legal Definition list
- International Financial Reporting Standards [IFRS]
- International Exchange Rate
- International Equity Fund
- International Energy Supply Emergency
- International Energy Program - IEP
- International Financial Reporting Standards Foundation
- International Fishery Agreement
- International Fuel Tax Agreement
- International Human Rights Law
- International Humanitarian Law
- International Intellectual Property Alliance (IIPA)
Related Legal Terms
- 3-A Sanitary Standards and Accepted Practice
- Academy for International Conflict Management and Peacebuilding [USIP]
- Academy of Financial Divorce Practitioners
- Accounting Professional Standards
- Adoption and Foster Care Analysis and Reporting System (AFCARS)
- Advanced Placement or International Baccalaureate Course [Education]
- Advertising Standards
- African Development Foundation
- Ally [International Law]
- American College of Forensic Examiners International [ACFEI]
