The International Financial Reporting Standards (IFRS) are a set of global accounting standards established by the IFRS Foundation. These standards ensure consistent and transparent financial reporting across different countries, facilitating clear communication among accounting and finance professionals worldwide. Introduced in 1973 and updated in 2001, IFRS is widely adopted by international accounting firms and has seen a growing demand for expertise in recent years.
In India, the scope of IFRS is significant, particularly for professionals in accounting or those who are Chartered Accountants. The rising demand for IFRS knowledge has led to the popularity of courses like the Diploma in IFRS (Dip IFRS) and Certification in IFRS (Cert IFRS). As an IFRS professional, you can work across over 140 jurisdictions, including the European Union, the UK, Australia, Brazil, Malaysia, South Africa, and Singapore.
