Accountancy, asked by manzoorkanwal1456, 5 months ago

Adoption of IFRS by different countries mean their accounting practices and procedures are also consistent and can be compared internationally.

Answers

Answered by gurcharanicai

Answer:

Yes

Explanation:

IFRS refers to INTERNATIONAL FINANCIAL REPORTING STANDARDS.

Just like we have US GAAP in USA , Ind-AS in India....IFRS are standards designed to promote harmony & transparency in accounting amongst various countries

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