Definicija: independent standard-setting body within the International Federation of Accountants (IFAC).The objective is to serve the public interest by developing high quality accounting standards for use by public sector entities around the world in the preparation of general purpose financial statements.

Definicija: independent standard-setting body within the International Federation of Accountants (IFAC).The objective is to serve the public interest by developing high quality accounting standards for use by public sector entities around the world in the preparation of general purpose financial statements.