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IFRS STANDS FOR INTERNATIONAL FINANCIAL REPORTING STANDARDS IS DIS WRITE OR WRONG
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It is International Financial Reporting Standards. The IFRS Foundation is an independent, not-for-profit organisation. Their primary mission is to develop, in the public interest, a single set of high quality, understandable, enforceable and globally accepted International Financial Reporting Standards (IFRS) based upon clearly articulated principles.
IFRS are developed by the International Accounting Standards Board (IASB), the independent standard-setting body of the IFRS Foundation. For more details refer to their website : http://www.ifrs.org