THE ROLE AND IMPACT OF INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) IN GLOBAL FINANCE

Abstract

The importance of International Standards of Financial Reporting (IFRS) extends beyond mere compliance. It plays a fundamental role in enhancing the quality, comparability, and efficiency of international financial reporting. As the global economy continues to integrate, the role of IFRS in promoting transparency, trust, and investor confidence in financial markets is more critical than ever.