IAS (International Accounting Standards)

International Accounting Standards (IAS) are a set of guidelines designed to standardize financial reporting across countries. They ensure that financial statements are consistent, transparent, and comparable, making it easier for investors, regulators, and businesses to understand a company's financial position, regardless of where it operates. Developed by the International Accounting Standards Board (IASB), these standards aim to improve the quality of financial reporting and enhance global financial stability. By following IAS, companies can help build trust with stakeholders and facilitate international trade and investment.