International Accounting Standards
/ˌɪntərˈnæʃənəl əˈkaʊntɪŋ ˈstændərdz/
Definitions
- (n.) Accounting standards issued by the International Accounting Standards Board, forming the basis for financial reporting in many jurisdictions.
Companies complying with international accounting standards provide comparability across borders.
Forms
- international accounting standards
Related terms
See also
Commentary
IAS form the historical basis for IFRS; legal drafters should distinguish between IAS and IFRS when relevant.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.