Final answer:
The IASB has issued International Financial Reporting Standards (IFRS) to harmonize accounting practices worldwide. These standards address different accounting aspects and aim to improve the comparability of financial statements.
Step-by-step explanation:
The IASB (International Accounting Standards Board) has issued a wide range of standards known as International Financial Reporting Standards (IFRS). These standards are designed to create a common accounting language to increase transparency and comparability of financial statements globally. The IFRS covers various aspects of accounting, including financial statement presentation, revenue recognition, and measurement of financial instruments.
The IASB (International Accounting Standards Board) issued new standards of its own called International Financial Reporting Standards (IFRS). The IASB has issued International Financial Reporting Standards (IFRS) to harmonize accounting practices worldwide. These standards address different accounting aspects and aim to improve the comparability of financial statements.