IFRSsäädökset

IFRSsäädökset refers to the regulations and standards set forth by the International Financial Reporting Standards (IFRS) Foundation. These standards are designed to create a common global language for business affairs so that company accounts are understandable and comparable across international boundaries. The IFRS Foundation is an independent, not-for-profit private sector organization.

The primary goal of IFRSsäädökset is to improve transparency, accountability, and efficiency in financial reporting. Companies that adopt IFRS are required to prepare their financial statements in accordance with these principles. This includes detailed requirements for recognizing, measuring, presenting, and disclosing information in the financial statements.

The development of IFRS standards is a collaborative process involving the International Accounting Standards Board (IASB), which is the independent standard-setting body of the IFRS Foundation. The IASB consults widely with stakeholders, including investors, regulators, and accounting professionals, to ensure that the standards are relevant and robust.

Many countries around the world have adopted or converged their national accounting standards with IFRS. This widespread adoption facilitates cross-border investment and capital flows by providing a consistent framework for financial reporting. The application of IFRSsäädökset aims to enhance the quality and comparability of financial information, benefiting users of financial statements globally.