Register now or log in to join your professional community.
IAS means International Accounting Standard. which had made to control the nature of rules and procedure.
IFRS means International Financial Reporting standards. Both Communities join for clarify the difference in GAAP and IAS. So they revise it and SET standard by mutual Consent and called named as IFRS.
first you have to know that when the IASB was created, it adopted the international accounting standards IAS.
IAS standards were issued by the IASC
IFRS are issued by the IASB
IAS standards were published between and, while IFRS standards were published from onwards.
