Examples of International Accounting Standards in a sentence
Approved accounting standards comprise of such International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board as are notified under the Companies Ordinance, 1984, provisions of and directives issued under the Companies Ordinance, 1984 and the directives issued by the State Bank of Pakistan (SBP).
Accordingly, the requirements of these International Accounting Standards (IASs) and their respective interpretations issued by International Financial Reporting Interpretations Committee (IFRIC) and Standing Interpretations Committee (SIC), have not been considered in preparation of these financial statements.
The table below sets forth a summary of the audited results of the Target Company (prepared in accordance with the International Financial Reporting Standards issued by the International Accounting Standards Board) for the two years ended 31 December 2022 and 31 December 2023.