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IAS stand for International Accounting Standards
AFRS stand for International Financial Reporting Standards
International Financial Reporting Standards (IFRS):
The objective of this IFRS is to ensure that an entity’s first IFRS financial statements, and its interim financial reports for part of the period covered by those financial statements, contain high quality information that:(a) is transparent for users and comparable over all periods presented;(b) provides a suitable starting point for accounting in accordance with International Financial ReportingStandards (IFRSs); and(c) can be generated at a cost that does not exceed the benefits.
International Accounting Standards (IAS):
International Accounting Standards are accounting standards issued by the International Accounting Standards Board (IASB) and its predecessor, the International Accounting Standards Committee (IASC).
Listed companies, and sometimes unlisted companies, are required to use the standards in their financial statements in those countries which have adopted them
IAS International Accounting Standatrd &IFRS International financial Reporting Standard
These standards are rules. Conventions Approaches upon which financial statements are prepared
IAS MEANS INTERNATIONAL ACCOUNTING STANDARDS
IFRS international financial reporting standards
which is used in preaprtion of financial statements and reporting
International Financial Reporting Standards is a set of accounting standards and interpretations issued by the International Accounting Standards Board
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Thanks for valuable contribution
AGREE WITH MR VENKITARAMAN & MR KHALED ANSWERS
