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What is the difference between ias and ifrs?

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Question added by SAKSHI AGGARWAL
Date Posted: 2016/12/21
Sabir Hussain
by Sabir Hussain , Finance Manager , Earth Moving Gerneral Transport

One of the major differences is that the series of standards in the IAS were published by the International Accounting Standards Committee (IASC) between 1973 and 2001, whereas, the standards for the IFRS were published by theInternational Accounting Standards Board (IASB), starting from 2001

Amer Nawaz
by Amer Nawaz , Chief Accountant , Autocad Construction LLC.

IAS is Accounting standard which addresses the allocation of exp or revenue with its true nature. IFRS is reporting standard, means, how to prepare financial reports/statements. What are their requirements, timings and per-reqosites.

Mohamed Mahmoud Azzazy
by Mohamed Mahmoud Azzazy , junior accountant , ARAMEX

1/ int .auditing standards

2 / int. fin. reporting standards

The Indian Administrative Service (IAS) (Hindiभारतीय प्रशासनिक सेवा) is All India [2] administrative civil service of India. I.A.S. officers hold key and strategic positions in the Union GovernmentStates[2] and public-sector undertakings.[2International Financial Reporting Standards (IFRS) are a set of international accounting standards stating how particular types of transactions and other events should be reported in financial statements

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