Question

International Financial Reporting Standards (IFRS)

27 Aug 2021
Answer :
Word Count : 255

 IFRS is a set of international accounting standards stating how particular types of transactions and other events should be reported in financial statements. IFRS are generally principles-based standards and seek to avoid a rule-book mentality. Application of IFRS requires exercise of judgment by the preparer and the auditor in applying principles _________ ___ _____ ___ ______ ____ _________ ______ ______ ___ _________ ______.
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