Meaning of the word ifrs in English
What does ifrs mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
ifrs
US /ˌaɪ.ef.ɑːrˈes/
UK /ˌaɪ.ef.ɑːrˈes/
Abbreviation
International Financial Reporting Standards: a set of accounting standards developed by the International Accounting Standards Board (IASB)
Example:
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Many countries have adopted IFRS for their financial reporting.
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Understanding IFRS is crucial for international business.