Accountancy, asked by Rudra9779, 6 months ago

why there is need of international financial reporting system​

Answers

Answered by piyacutepie
6

Answer:

IFRS specifies how businesses need to maintain and report their accounts. Created to establish a common accounting language, the goal of the international financial reporting standards is to make financial statements coherent and consistent across different industries and countries.

Explanation:

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