Abbreviation for Financial Reporting Standards, formerly International Accounting Standards until 2001.
International accounting standards developed and published by the London-based International Accounting Standards Board (IASB). The German law governing obligatory disclosures (§ 62 BörsO) requires that companies in Germany listed for trading on the Prime Standard of the Frankfurt Stock Exchange must prepare their consolidated financial statements in line with the stipulations of IFRS or US GAAP. | |  return to previous page |