In the context of property research, IASB stands for International Accounting Standards Board. It is an independent, private-sector body that develops and approves International Financial Reporting Standards (IFRSs). IFRSs are a set of accounting standards that are used by companies all over the world to prepare their financial statements.
The IASB's standards are important for property research because they provide a common framework for understanding and comparing financial information about properties. This can be helpful for investors, lenders, and other stakeholders who are interested in the property market.
For example, IFRS 40, Investment Property, sets out the accounting requirements for investment properties. This standard specifies how investment properties should be measured and disclosed in financial statements.