Final answer:
The main objective of the IASB is to develop a single set of high-quality, universal, understandable, and enforceable accounting standards known as IFRS.
Step-by-step explanation:
The International Accounting Standards Board (IASB) aims to develop a single set of high-quality, understandable, enforceable, and globally accepted accounting standards—referred to as International Financial Reporting Standards (IFRS). These standards are intended to provide transparency, accountability, and efficiency in financial markets around the world. The characteristics that these standards strive for include making sure that they are applicable universally, so that companies can use them regardless of their country of operation; understandable and enforceable, to ensure that accountants and auditors can implement them consistently; and high-quality, meaning that the standards provide relevant and reliable information to users of financial statements, such as investors, creditors, and regulators.