Benefits of International Accounting Standards (IAS)

      
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			              International Accounting Standards > Best Practices > Benefits of International Accounting Standards (IAS)
			            
			            	Benefits of International Accounting Standards (IAS)
MBOTA TONGO ETONDE Christophe, Cameroon
			            
	          		IAS is an instrument which permits all companies in the world to develop their transparency in the business.
In addition it is a legal framework for the harmonization of accounting standards. (...) Read more? Sign up for free

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			                  	Benefits of IAS

			                  	Mukela Namushi Mubano, Accountant, Zambia
												
													Thanks for the insight Mbota. IAS assists in developing good governance in companies and other institutions. It is important that businesses adhere to the dictates of the IAS.
				                
			                  	Benefits of IAS

			                  	Reynaldo Bonifacio, Accountant, Philippines
												
													It helps a company compare its financial statements against its foreign competitors since it harmonizes/synchronizes the financial reporting standards of the globe.
				                
			                  	Benefits of IAS

			                  	David knight, Student (University), Australia
												
													The adoption of IAS also enables stakeholders/shareholders to compare results from accounting period to accounting period.

Also it allows for a more informed accountability of senior management on the part of the entity.
				                
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	                            International Accounting Standards
	                          
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						                          	Benefits of International Accounting Standards (IAS)
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