What is the primary role of the International Accounting Standards Board (IASB)?

The primary role of the International Accounting Standards Board (IASB) is to develop and publish International Financial Reporting Standards (IFRS). This function is crucial because IFRS provides a common global language for business affairs, making financial statements understandable and comparable across international boundaries.

The IASB's work ensures consistency in financial reporting, which enhances the transparency and reliability of financial information that companies deliver to their stakeholders. By establishing and maintaining high-quality accounting standards, the IASB plays a key role in the overall improvement of financial reporting and compliance practices worldwide.

The other options do not align with the IASB's fundamental objectives. Enforcing tax regulations is the role of tax authorities, while conducting audits of financial statements is typically reserved for independent auditors. Creating accounting software solutions is a function performed by technology companies and not related to the IASB's mission. Thus, the correct answer captures the essence of the IASB's important contributions to the field of accounting and financial reporting.