Concept国际财务报告准则 / International Financial Reporting Standards
IFRS
International Financial Reporting Standards, a globally applicable accounting standards framework developed by the International Accounting Standards Board, requiring that financial records faithfully reflect original source documents.
Timeline (last 90 days)
Oct 13
In financial engineering, modifying historical ledger entries is strictly prohibited; errors are corrected using compensating transactions (reversal transactions or offsetting entries) rather than UPDATE, in order to preserve the integrity of the immutable ledger and the audit trail, in compliance with regulatory frameworks such as SOX, GAAP, and IFRS.
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