Introduction to International Financial Reporting Standards

Overview

Explore this week’s reading and the International Financial Reporting Standard (IFRS) Web site, where you will find information about the International Accounting Standards Board (IASB), and complete the following:

• Describe the history of international accounting standards.
• Describe the IFRS standard setting process.
• Describe the structure of the IASB.

Please submit your assignment.

For assistance with your assignment, please use your textbook and all course resources.

Reference

IFRS Foundation. (2022). About the International Accounting Standards Board (IASB). https://www.ifrs.org/groups/international-accounting-standards-board/