Question: The IFRS Foundation is committed to developing, in the public interest, a single set of high quality, understandable and enforceable global accounting standards that require

The IFRS Foundation is committed to developing, in the public interest, a single set of high quality, understandable and enforceable global accounting standards that require transparent and comparable information in general purpose financial statements. Required Describe the IFRS Foundation's standard setting process including how standards are produced, enforced and occasionally supplemented.

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