Role of International Accounting Standards Committee

International Accounting Standards
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RATHISH KUMAR J
Manager, India

Role of International Accounting Standards Committee

Do you agree that the International Accounting Standards Committee is essential for the growth of international business? Why (not).

  Alpin McGregor
freeelance, United Kingdom
 

Role of International Accounting Standards Committee

Entrepreneurial skill and business acumen are needed to exploit and grow business. Internationally recognised accounting standards do enable business to raise capital funds in different national financial markets. The opportunity to exploit different capital markets coupled with business acumen etc will enable business to grow internationally.

  osman
Accountant, Sudan
 

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.

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