Why IAS is Important?
As you know, financial statements are very important products of companies, particularly those which register in security exchange markets. Once they are producing reports to different users they should be in one form, not in different forms and the reported information should be in a same principle.
The need for IAS has noticeably required since the world became one market
and companies became international
and the investors also are international
. Since they are international, they are all in need of unified information that is accessible all over the world.