What Are the Advantages of IAS
If you are wondering “ What Is International Accounting Standards ”, the answer is, it is a unit that makes it much easier to compare different businesses across the globe, boost trust and transparency in financial reporting and promote global investment and trade. The IAS Board is responsible to set the accounting standards across the world. IAS stands for international accounting standards. Different from nation-specific standards like United States' GAAP (which stands for generally accepted accounting principles), IAS has no governing body to implement them which make them completely voluntary. Current international standards have various unique advantages to participants and they cater as a premature template for upcoming enforced and globally regulated standards. Investor Benefits The layout of financial statements and global standards for accounting systems abridges international investment decisions. Investors can easily compare the economic statements of companies