Financial Services
The IFRS Foundation is an independent, not-for-profit organization that sets international financial reporting standards to enable companies to meet the information needs of global capital markets. The organization develops and maintains the IFRS for SMEs Accounting Standard, which is specifically designed for small and medium-sized entities. Through groups like the SME Implementation Group (SMEIG), the Foundation provides guidance on the implementation and application of these standards, developing educational materials and Q&As for public use. The Foundation's mission is to foster trust, growth, and long-term financial stability in the global economy by providing better financial information that leads to better decisions.
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