The international accounting standards (IAS) were an older set of standards stating how particular types of transactions and other events should be reflected in financial statements. In the past, international accounting standards (IAS) were issued by the Board of the International Accounting Standards Committee (IASC).Read more: International Accounting Standards (IAS) Definition | Investopedia http://www.investopedia.com/terms/i/ias.asp#ixzz46oymbsZ5 Follow us: Investopedia on Facebook
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