International Financial Reporting Standards (IFRS) are a set of accounting rules for the financial statements of public companies that intend to make them consistent, transparent, and easily comparable around the world.

IFRS currently has complete profiles for 167 jurisdictions, including those in the European Union. The United States uses a different system, the Generally Accepted Accounting Principles (GAAP).

The IFRS is issued by the International Accounting Standards Board (IASB).

The International Financial Reporting Standards (IFRS) were created to bring consistency and integrity to accounting standards and practices, regardless of the company or the country.