IASB

The IASB, or International Accounting Standards Board, is an organization that develops and sets global rules for how companies prepare financial statements. Its goal is to ensure consistency, transparency, and comparability of financial information across different countries and industries. This helps investors, lenders, and other stakeholders make informed decisions. The IASB creates standards known as International Financial Reporting Standards (IFRS), which many countries adopt or align with, fostering trust and efficiency in international financial markets.