ifrs.org Scam Check: 100/100 Trust | ScamMinder

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https://ifrs.org redirected to https//www.ifrs.org during the time we crawled it. The International Financial Reporting Standards (IFRS) Foundation is a global not-for-profit organization responsible for developing and promoting the adoption of IFRS standards. IFRS standards are a set of accounting rules that are becoming increasingly important in the global business environment. They are designed to bring consistency and transparency to financial reporting, making it easier for investors and other stakeholders to compare financial information across different companies and countries. The IFRS Foundation was established in 2001 and is based in London, United Kingdom. Its primary objectives are to develop a single set of high-quality, understandable, and enforceable global accounting standards, to promote the use and rigorous application of these standards, and to take into account the needs of emerging economies and small and medium-sized entities. The IFRS Foundation works in collaboration with national standard-setters, regulators, and other stakeholders to ensure that its standards are relevant and effective. It also provides support and resources to help with the implementation of IFRS standards. The adoption of IFRS standards is a significant trend in the accounting and finance world. Many countries have already adopted or are in the process of adopting IFRS, and the use of these standards is expected to continue to grow. Overall, the IFRS Foundation plays a crucial role in promoting global financial stability and transparency by establishing and maintaining high-quality accounting standards that are used by companies and organizations around the world."

• Global not-for-profit organization, Responsible for developing and promoting the adoption of IFRS standards, Standards designed to bring consistency and transparency to financial reporting, Facilitates easier comparison of financial information across companies and countries, Established in 2001, Based in London, United Kingdom, Objectives include developing a single set of high-quality, understandable, and enforceable global accounting standards, Promotes the use and rigorous application of IFRS standards, Takes into account the needs of emerging economies and small and medium-sized entities, Works in collaboration with national standard-setters, regulators, and other stakeholders, Provides support and resources for the implementation of IFRS standards, Significant trend in the accounting and finance world, Many countries have adopted or are in the process of adopting IFRS, Expected continued growth in the use of IFRS standards, Crucial role in promoting global financial stability and transparency, Establishes and maintains high-quality accounting standards used worldwide