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What is the difference between the IASB and FASB And the GAAP and IFRS?

What is the difference between the IASB and FASB And the GAAP and IFRS

Accounting Standards
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Question added by Suliman Hassan , Finance Officer , Galaxy Lighting Est.
Date Posted: 2016/02/05
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RIAZ HUSSAIN
by RIAZ HUSSAIN , BRANCH MAMAGER , UNITED BANK LTD

Accounting is the art of recording transactions in the best manner possible, so as to enable the reader to arrive at judgements/come to conclusions.

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