International Accounting Standards Board

The International Accounting Standards Board (IASB) is an independent organization responsible for developing and promoting global accounting standards known as International Financial Reporting Standards (IFRS). These standards ensure consistency and transparency in financial reporting across countries, making it easier for investors and businesses to understand financial statements from different regions. By providing a common accounting language, the IASB helps enhance trust and comparability in financial markets, ultimately supporting economic stability and growth worldwide.