Difference between IFRS "Red Book" & "Blue Book"?

IT'S known that intentionalast Accouting Standards are globally accepted accounting standards which are issued by international Accounting Standards Board. .*The red book contains all the IFRS standards that have been published till 1st January of the year to which the particular red book refers to. -The blue book issued in a particular year contains only those standards which have become effective by 1 St January of that year.2015 & It will contain only those IFRS standards that have become effective &The world is converging twards adoption of one set 5 accounting standards; represented bt UFRS

The International Accounting Standards Board (IASB) sets internationally recognized accounting standards, known as intentionalast Accouting Standards. This year's red book includes all of the IFRS standards that have been released up to that date (usually the 1st of January) in the previous year. - Only those criteria that were in force on January 1st of that year are included in the blue book for that year. All of the IFRS standards that went into force after that date will be included, and the world is moving toward a single set of five accounting standards, represented by UFRS.