IFRIC: International Financial Reporting Interpretations Committee
IFRIC stands for International Financial Reporting Interpretations Committee. International Financial Reporting Interpretations Committee functions as the interpretative body of IASB (International Accounting Standards Board). It has the authority is interpret IAS (International Auditing Standards) and IFRS (International Financial Reporting Standards) however it should be approved by the IASB before publishing as an official document. The [...]
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