International Financial Reporting Standards (IFRS): Need, Significance, and Ethical Issues in Accounting
In today’s globalized economy, businesses operate across borders, investors diversify internationally, and financial statements must be transparent and comparable. This is where International Financial Reporting Standards (IFRS) play a crucial role. Developed by the International Accounting Standards Board (IASB), IFRS provides a unified framework for financial reporting, ensuring consistency and reliability across different countries. Unlike … Read more