The International Accounting Standards Board (IASB) is a self-governing, private-sector organization responsible for creating and endorsing International Financial Reporting Standards (IFRSs). The IASB is an independent, non-profit organization that develops and maintains IFRS to ensure transparent, consistent, and high-quality financial reporting across global markets. The IASB’s primary goal is to create standards that provide investors, creditors, and other stakeholders with reliable and comparable financial information, promoting transparency and accountability in financial reporting.
