International Financial Reporting Standards (IFRSs) (ISAP 3) – As defined by the IASB in paragraph 7 of IAS 1 Presentation of Financial Statements, as amended in June 2011, by Presentation of Items of Other Comprehensive Income (Amendments to IAS 1): “Standards and Interpretations issued by the International Accounting Standards Board (IASB). They comprise:

1. International Financial Reporting Standards;
2. International Accounting Standards; and
3. [International Financial Reporting Interpretations Committee] IFRIC Interpretations; and
4. [the former Standing Interpretations Committee] SIC Interpretations.”