Here are some key points on the role of global organizations such as the International Accounting Standards Board (IASB) and the International Federation of Accountants (IFAC) in the development and promotion of IFRS:

1. The IASB is responsible for developing and promoting IFRS: The IASB is an independent organization that is responsible for developing and promoting International Financial Reporting Standards (IFRS).
2. The IASB works with national standard-setting bodies: The IASB works closely with national standard-setting bodies around the world to ensure that the standards are developed and implemented effectively.
3. The IFAC promotes high-quality international standards: The IFAC is a global organization that promotes the development and adoption of high-quality international standards, including IFRS.
4. The IFAC supports the implementation of IFRS: The IFAC provides support for the implementation of IFRS, including education and training programs for accountants and other professionals.
5. The IASB and IFAC work together: The IASB and IFAC work closely together to promote the development and adoption of high-quality international standards.
6. The IASB and IFAC collaborate with other organizations: The IASB and IFAC collaborate with other global organizations, such as the World Bank and the International Monetary Fund, to promote the adoption of IFRS and other international standards.

Overall, global organizations such as the IASB and IFAC play a crucial role in the development and promotion of IFRS. They work together to ensure that the standards are developed and implemented effectively, and they collaborate with other organizations to promote the adoption of IFRS and other international standards. Their efforts have helped to promote greater transparency and consistency in financial reporting, making it easier for investors and other stakeholders to compare financial statements and make informed decisions.