Benefits of International Accounting Standards (IAS)

International Accounting Standards
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Benefits of International Accounting Standards (IAS)

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.

  Mukela Namushi Mubano
Accountant, Zambia

Benefits of IAS

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.

  Reynaldo Bonifacio
Accountant, Philippines

Benefits of IAS

It helps a company compare its financial statements against its foreign competitors since it harmonizes/synchronizes the financial reporting standards of the globe.

  David knight
Student (University), Australia

Benefits of IAS

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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