, and the publication of standards related to the profession of accounting & auditing has been to put into practice a … professionals interested in accounting and auditing about application and development of international financial reporting standards … uniform global set of standards which will be applicable in finance. Before 2000, in the case of a preference between IFRS …

and the users of this concept of the faire value. The International Accounting Standards Board (IASB) and the Financial … Accounting Standards Board (FASB) created a uniform outline for how to measure fair value for entities around the world. Although …