International Accounting Standards (IAS)

International Accounting Standards (IAS) are a set of guidelines developed to ensure that financial statements are consistent, transparent, and comparable across different countries. These standards provide a framework for how companies report their financial performance and position, helping investors, regulators, and other stakeholders to understand companies' financial health, regardless of where they are based. By adhering to IAS, businesses can enhance trust and facilitate international trade and investment, as everyone is using the same rules to present their financial information.