International Accounting Standards - IAS
- International Accounting Standards - IAS
- An older set of standards stating how particular types of transactions and other events should be reflected in financial statements. In the past, international accounting standards (IAS) were issued by the Board of the International Accounting Standards Committee (IASC).
Since 2001, the new set of standards has been known as the international financial reporting standards (IFRS) and has been issued by the International Accounting Standards Board (IASB).
IASC has no authority to require compliance with its accounting standards. However, many countries require the financial statements of publicly-traded companies to be prepared in accordance with IAS.
Investment dictionary.
Academic.
2012.
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International Accounting Standards (IAS) Regulation — EC Regulation on the application of International Accounting Standards (EC/1606/2002). The IAS Regulation came into force on 12 September 2002. It requires that, for financial years starting on or after 1 January 2005, publicly traded companies… … Law dictionary
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international accounting standards — (IAS) Accounting standards that were issued by the International Accounting Standards Committee (IASC). The IASC s standard setting role was passed to the International Accounting Standards Board (IASB) in 2001 and new standards issued by that… … Law dictionary
International Accounting Standards — Die International Financial Reporting Standards (IFRS) sind internationale Rechnungslegungsvorschriften. Sie umfassen die Standards des International Accounting Standards Board (IASB), die International Accounting Standards (IAS) des… … Deutsch Wikipedia
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International Accounting Standards Committee — IASC The predecessor of the *International Accounting Standards Board (IASB). Established in 1973, the IASC’s founder members were representatives of the accounting professions of Australia, Canada, France, Germany, Japan, Mexico, the Netherlands … Auditor's dictionary
International Accounting Standards Board (IASB) — früher: International Accounting Standards Committee (IASC), ist eine 1973 gegründete privatrechtliche Organisation, deren Aufgabe die Erarbeitung und Veröffentlichung von Rechnungslegungsverlautbarungen ist. Über die Förderung der weltweiten… … Lexikon der Economics
International Accounting Standards — International Financial Reporting Standards Les normes internationales d information financière, plus connues au sein de la profession comptable et financière sous leur nom anglais de International Financial Reporting Standards ou IFRS sont des… … Wikipédia en Français
International Accounting Standards — IAS *Accounting standards issued by the now defunct *International Accounting Standards Committee (IASC). The intention behind IAS has been to promote global harmonization of accounting and financial reporting. The adoption of IAS around the… … Auditor's dictionary
