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Benefits of International Aaccounting Standards (IAS)
MBOTA TONGO ETONDE Christophe, Other, 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.
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Benefits of IASMukela 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. |
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Benefits of IASReynaldo 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. |
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Benefits of IASDavid 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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