Does IFRS Stand for internal financial reporting standards?

IFRS Stands for International Financial Reporting Standards.

International financial reporting standards (IFRS) represent a set of generally accepted accounting principles (GAAP) used by companies to prepare financial statements, a critical source of information published annually, at a minimum, and useful to various stakeholders (shareholders, debtors, clients, employees and governments) in understanding a company's financial performance and management’s stewardship of the company’s resources

INTERNATIONAL FINANCIAL REPORTING STANDARDS

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International Financial Reporting Standards (IFRS Standards) is a single set of accounting standards, developed and maintained by the International Accounting Standards Board (the Board) with the intention of those standards being capable of being applied on a globally consistent basis,

 

are for International standards not internal

IFRS stands for international financial reporting standards. After2003 all financial accounting standard issued by IASB called IFRS instead of IAS's.

No, IFRS stands for International Financial Reporting Standards issued by the International Accounting Standard Board (IASB).

Replace Internal with International then its correct otherwise its not