Respuesta :

Answer:

IFRS, or IASB

Explanation:

The acronym for the international organization that sets standards for accounting and financial reporting is IFRS, which stands for International Financial Reporting Standards. These standards aim to provide transparency, accountability, and efficiency to financial markets across the globe1. They were developed by the International Accounting Standards Board (IASB), which is part of the not-for-profit, London-based IFRS Foundation. The IFRS system replaced the older International Accounting Standards (IAS) in 200121. These standards ensure consistency in accounting language, practices, and financial statements, allowing businesses, investors, auditors, and regulators to make informed financial analyses and decisions2. While IFRS is widely adopted globally, the United States primarily follows a different system called generally accepted accounting principles (GAAP)

Answer:

B) IFRS (International Financial Reporting Standards)