Chapter 1 - Financial Accounting and Accounting Standards - IFRS Insights - IFRS Concepts and Applications - Page 34: IFRS1-1

a. The “ International Accounting Standards Board": Its role entails issuing standards mostly utilized in numerous foreign exchanges. The standards are known as International Financial Reporting Standards. b. The "Financial Accounting Standards Board": Its mandate entails developing and issuing Generally Accepted Accounting Principles.

a. The “ International Accounting Standards Board": Its role entails issuing standards mostly utilized in numerous foreign exchanges. The standards are known as International Financial Reporting Standards. b. The "Financial Accounting Standards Board": Its mandate entails developing and issuing Generally Accepted Accounting Principles.