INTERNATIONAL STANDARDS

IFAC is committed to a global standard-setting system that is credible, inclusive, legitimate, and produces international standards that are relevant, innovative, and responsive to meet the challenges of the future. Transparent, high-quality international standards used by professional accountants is an essential pillar of the global financial architecture. Learn more about IFAC at IFAC... Transparent, high-quality international standards are essential pillars of the global financial architecture. Their adoption and implementation improves the availability of high-quality financial information for stakeholders, investors and the public, which result in greater economic growth, development and accountability. The independent, international standard-setting boards are responsible for issuing high-quality international standards in the public interest as well as non-authoritative pronouncements, such as guidance material for implementation.

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