The IFRS is actually a list of regulations issued with the Intercontinental Accounting Specifications Board. These rules advertise regularity and transparency in economic statements. GAAP is usually a list of benchmarks that accountants need to adhere to whenever they complete fiscal statements for publicly traded companies while in the U.S. https://kenwood-titanium-chef-xl50593.techionblog.com/33884926/what-does-accounting-mean