International Accounting Standards

International Accounting Standards (IAS) are globally accepted guidelines that ensure financial statements are prepared consistently and transparently across different countries. They help investors, regulators, and companies compare financial information accurately, fostering trust and clarity in international business. Created by the International Accounting Standards Board (IASB), these standards cover how to recognize, measure, present, and disclose financial data, ensuring that financial reports are understandable and reliable regardless of where a company operates. By standardizing accounting practices worldwide, IAS facilitate smoother cross-border investments and economic cooperation.