<P> To assess progress towards the goal of a single set global accounting standards , the IFRS Foundation has developed and posted profiles about the use of IFRSs in individual jurisdictions . These were based on information from various sources . The starting point was the responses provided by standard - setting and other relevant bodies to a survey that the IFRS Foundation conducted . Currently , profiles are completed for 124 jurisdictions , including all of the G20 jurisdictions plus 104 others . Eventually , the plan is to have a profile for every jurisdiction that has adopted IFRSs , or is on a programme toward adoption of IFRSs . </P>
the number of countries in which financial reports are prepared using global accounting standards is
124