International Financial Reporting Standardards (IFRS)
The International Financial Reporting Standards interpretation Committee is formed with the help of fourteen members and its main motive is to detect the problems which arise frequently in an organization and then suggest the required guidance. The International Financial Reporting Standards acquires its fund from various sources for the functioning of the International Accounting Standard Board. The major sources are different banks and some of the big companies. The International Financial Reporting Standards are set by International Accounting Standard Board (Ball, 2006). The International Financial Reporting Standards provides guidance and information about the organization’s financial position and its performance. The International Financial Reporting Standard conducts meeting for the improvement of its performance. Such meetings of the International Financial Reporting Standards are also open to the public. The International Financial Reporting Standards and their interpretation are developed by experienced members following prescribed rules and regulations. The process of International Financial Reporting System is prescribed by the International Accounting Standard Board. It is almost similar to the process of the International Accounting Standard Board (Lexis, 2007). International Financial Reporting System should first identify the various issues faced and research them. The study of the national standard and practices is also necessary. The main part of the process is the publish of the draft interpretation if the draft gets less than four votes from the members of the voting committee. The draft interpretation gets various feedbacks which are discussed by the members. If final interpretation gets less than four votes from the voting members against it, it should be submitted to the International Accounting Standard Board. If the International Accounting Standard Board approves the final interpretation with the help of nine affirmative votes, a meeting is held for the public.
国际财务报告标准（IFRS）
国际财务报告准则解释委员会由十四名成员的帮助，其主要动机是检测组织中经常出现的问题，并提出必要的指导。国际财务报告准则获得资金的国际会计准则委员会运作的各种来源。的主要来源是不同的银行和一些大的公司。国际财务报告准则是由国际会计准则委员会（球，2006）。国际财务报告准则提供了有关该组织的财务状况及其绩效指导和信息。国际财务报告准则对其性能改进会议。在国际财务报告准则这样的会议，也向公众开放。国际财务报告准则和他们的解释是由经验丰富的成员遵循规定的规则和条例。国际财务报告系统的过程是由国际会计准则委员会规定的。这几乎是类似于国际会计准则委员会（词汇的过程，2007）。国际财务报告系统应首先确定所面临的各种问题和研究。对国家标准和实践的研究是必要的。该工艺的主要部分是发布的解释草案草案从选举委员会成员得不到四票。解释草案获得各种反馈，这是由成员国讨论了。如果最终解释从投票成员反对它得不到四票，应提交给国际会计标准委员会。如果国际会计标准委员会批准的最终解释权以九票赞成的帮助下，召开一次会议，为公。
